Emini Stalling on a Key Fibonacci Pivot March 29
Wed, Mar 29, 12:11 PM ET, by Corey Rosenbloom
We continue to frame each day’s trading day in terms of our intraday Fibonacci Grid.
Here’s today’s updated Emini (@ES) trading levels for your trades:
A surge took us from the 2,323 level through 2,338 and now above 2,351 on a rapid bullish expansion swing.
Now we’re seeing price once again interact with the 38.2% Fibonacci Level at 2,352.
Simply stated, frame your intraday trades in terms of the departure “away from” this level today as usual.
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).”
SDI Glossary: "price" Definition
SDI Glossary: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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