Good Jobs Report Extends our Emini Fibonacci Grid

Bycjrosen

A better than expected Jobs Report this morning set the stage for a breakout beyond 2,100 and Trend Day into the “Open Air” pocket beyond the recent swing high.

With that, we pull up our Fibonacci Grid to take into account the extended new high.

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.

There’s not much help a retracement grid can give us when price is breaking through to new highs.

Price rallied toward our 2,100 level and then power-gapped through it this morning.

We’ll be adjusting the grid and updating you with new levels into next week as usual.  For now, enjoy the ride!

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Corey Rosenbloom, CMT

Afraid to Trade.com

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One Comment

  1. I enjoy following trading with these things since it’s how one is able to work smoothly and able to achieve good profits as well, I am currently trading with OctaFX broker where I get excellent support with their low spreads from 0.1 pips, so that opens door for plenty of opportunities for me while also keeps me entirely comfortable and relaxed with the outing and I am able to achieve positive results as well, so that’s why I like it so much.

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