July 5 Emini Update Still Playing in that Lovely Fibonacci Grid
Wed, Jul 5, 2:51 PM ET, by Corey Rosenbloom
The market remained within the tight 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.
We’re BACK within the short-term range.
Note the powerful V-Spike Reversal off the 2,402 confluence – also at the 2,400 “Round Number” pivot.
We’ll continue using these levels until we get an actual – not one day – breakout from the magnetic pull of the grid.
Despite the fun Fourth of July holiday, that day was not yet today.
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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