Another Rally off our Emini Fibonacci Grid Dec 15
The Fed can’t stop the Fibonacci!
As I highlighted in yesterday’s morning update, we had our “first Fib” level just above 2,250.
After the Fed hiked rates, price plunged through this level but bounced strongly off of it this morning.
Here’s today’s updated Emini (@ES) trading levels for your trades:
As the ongoing uptrend continues – at least this morning – we’re seeing yet another surge off minor support.
Our focal points remain the 2,251 and then 2,238 Fibonacci Retracement levels as buyers make a run for new highs.
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Corey Rosenbloom, CMT
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