Jobs Report Emini Fibonacci Grid Update Oct 7
We had our Monthly Jobs Report this morning and – as can be expected – price is volatile after the report.
However, as of this moment, the high and low of today’s session is roughly 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.
The economy added 156,000 new jobs according to this morning’s report which was at the low end of expectations.
Price traded lower and has done so all morning after peaking/reversing at our 2,157 Fibonacci Level.
The Triangle still is in play as an even shorter-term rectangle – between our Fib Levels – has taken hold.
A downside break opens a pathway toward 2,129 which any future upside break above 2,157 targets 2,170.
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Corey Rosenbloom, CMT
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