May 23 Emini Update Bouncing Between the Fibonacci Levels

A narrow opening range contains the price movement of the @ES between two key Fibonacci Levels so far.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Take a moment to see the broader Fibonacci Grid for reference.

At the moment we’re focusing our attention on the 2,054 level which was Friday’s resistance high.

It could also be today’s high if sellers can keep the price contained within this range.

If so, we’ll focus on a sell-swing down toward 2,042.

However, note the green upside pathway IF buyers succeed and push price beyond 2,054.  If so, we open the market up to 2,063 and possibly the 2,073 levels as future upside targets.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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One Comment

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