Aug 8, 2016: 11:38 AM CST
Price jumped higher into the 2,180 @ES level this morning and (so far) pulled back from this pivot.
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:
Here’s a reference guide of how to use and trade from these morning updates.
We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT an actual larger retracement.
We STILL haven’t seen a decent (more than 23.6%) retracement since late June!
Nevertheless, we continue to update our short-term Fibonacci Retracement Grid levels especially when price makes a new high.
For now, the key focal points for today’s session are the 2,180 high level and the 2,172 Fibonacci Level (23.6%).
Want these levels and additional analysis/strategy planning in advance each evening?
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Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
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).
