Emini Triangulates Within our Fibonacci Grid Sept 29

Bycjrosen

As we get ready to begin October, the S&P 500 (@ES) is “triangulating” within our Fibonacci Grid.

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.

Although Crude Oil is getting a big bullish boost, stocks remain trapped within a tightening range.

The Midpoint of the Triangle – crudely drawn – is near 2,155.

Still, we’re successfully using our known Fibonacci Price Levels as targets and possible intraday reversal points.

Want these levels and additional strategy planning in advance each evening?

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Corey Rosenbloom, CMT

Afraid to Trade.com

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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One Comment

  1. Always enjoy trading with keeping Fibonacci levels in mind, but we got to do it very wisely and only then we will be able to work it in our favor. I don’t have too much issue over this which is all thanks to OctaFX broker and their magnificent features and facilities which include having lowest possible spreads, strong rebate program where I get 15 dollars profits per lot size trade which is even with the losing one too, so all very handful.

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