Emini Dropping Lower in our Fib Grid July 6
Thu, Jul 6, 12:11 PM ET, by Corey Rosenbloom
Even with today’s morning drop, the @ES remained within the Fibonacci Grid we’ve held since June began.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid.
The yellow “midpoint” highlight stretches from the 2,420 level to 2,432.
Price gapped down beneath the yellow (tight) range this morning, reversing powerfully off the 2,414 pivot like that of June 9th.
Focus on the overlap pivot just above 2,420 for today’s “make or break” bull/bear pivot.
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: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
This Article's Word Cloud:
More articles: 1 2 3 4 5 6 7 next »