Fed Day Fibonacci in the Emini Gameplan March 15
Wed, Mar 15, 1:21 PM ET, by Corey Rosenbloom
It’s the Ides of Mach! And a Fed Day! Do you know where your Fibonacci Levels are?
If not, no worries! That’s what I’m here for.
Here’s today’s updated Emini (@ES) trading levels for your trades:
We have a possible Double-Bottom or Dual V-Spike Reversal (arrows) at the 38.2% Fibonacci Level (2,352).
Our other near-term active level is the 2,369/2,370 level, although price established a resistance line near 2,373.
Note the green “Bullish Breakout” pathway to new highs or the red “Bearish Breakdown” path beneath 2,370.
Otherwise we remain neutral within this range until the Fed raises rates today… I mean, announces their decision.
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: "Bearish" Definition
SDI Glossary: "Breakout" Definition
SDI Glossary: "Bullish" Definition
SDI Glossary: "price" Definition
SDI Glossary: "the Fed" Definition
SDI Glossary: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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