June 29 Bullish Surge Emini Fibonacci Update
Wed, Jun 29, 12:11 PM ET, by Corey Rosenbloom
We’re nearing our 61.8% Fibonacci Target rapidly on our Emini grid. Brexit? What Brexit?
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.
Take a moment to view the “Expanded Fibonacci Grid” to see exactly where we expected – and ultimately saw.
The predicted and logical bounce-back rally developed yesterday and extended strongly today.
We’ve now (so far) had four Trend Days in a row – two down and (so far) two up.
The pivot levels for targets today include 2,063 after price broke powerfully above 2,047. Otherwise 2,031 was roughly yesterday’s closing high (target achieved).
Want these levels and additional analysis/strategy planning in advance each evening?
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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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