Emini Playing into Critical Fib Support Level Today March 20
Mon, Mar 20, 12:41 PM ET, by Corey Rosenbloom
After yesterday’s Fed Day, stocks surged back toward the prior high, breaking their Fibonacci Grid.
Here’s today’s updated Emini (@ES) trading levels for your trades:
After a post-Fed Day Surge, stocks stalled shy of the 2,390 level.
From there, the Emini traded back down toward its key 2,370 Fibonacci and price level where we saw a bounce this morning.
We’re focusing once again on this critical Bull/Bear pivot and will frame our short-term trades in terms of the departure “away from” 2,370.
If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
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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SDI Glossary: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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