You Know It’s All About the Fibs Emini Update Oct 6
“It’s all about the Fibs, about the Fibs… and Triangle.”
There’s no change in our Fib Grid and Triangle Trendlines as the market remains within our key levels.
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:
Here’s a reference guide of how to use and trade from these morning updates.
We’ve been tracking a triangle as price compressed between the red and green trendlines and our Fibonacci Levels.
The key focal points include the 2,148 and 2,157 @ES Levels as highlighted.
Our “Triangle Trendlines” have been compressing around the 2,153 “Midpoint Magnet” price.
Keep doing what you’re doing (trading within the range) until we get our breakout event.
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Corey Rosenbloom, CMT
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).
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