Emini Relentlessly Runs for the Highs Dec 27 Update
Tue, Dec 27, 11:41 AM ET, by Corey Rosenbloom
It wouldn’t be a holiday week without a bullish drift, would it?
The S&P 500 traveled the well-worn path of another bullish bounce off our Fibonacci Grid toward new highs.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Despite an expected “holiday drift,” we’re instead seeing price maintain a 20 point trading range (as I featured inFriday’s update) and now pull back once again to our “first Fibonacci” retracement at the 2,250 level.
We’re still trading within a 20 point range between the 2,250 and 2,270 levels.
Today’s price action is the expected bounce up away from 2,250 toward 2,270 which buyers achieved this morning.
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Corey Rosenbloom, CMT
Afraid to Trade.com
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