Exciting Emini Bounce Update March 23
Thu, Mar 23, 12:11 PM ET, by Corey Rosenbloom
Often after a crash comes a recovery. That’s what’s happening at the moment in the Emini (this morning).
Here’s today’s updated Emini (@ES) trading levels for your trades:
We were correct in our strategy planning that “big move” would be likely if sellers broke the market beneath 2,370.
Price then moved not just toward our 2,352 target, but beyond that to the 50% Fibonacci at 2,338.
Buyers stepped in aggressively this morning – as was the case yseterday – boosting price through our “neutral zone” toward (and now above) the 2,352 level.
Continue using this Fibonacci Grid to frame your intraday trades “toward” and “away from” these levels.
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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