After yesterday’s Fed Day, stocks surged back toward the prior high, breaking their Fibonacci Grid.
Here’s today’s updated Emini (@ES) trading levels for your trades:
After a post-Fed Day Surge, stocks stalled shy of the 2,390 level.
From there, the Emini traded back down toward its key 2,370 Fibonacci and price level where we saw a bounce this morning.
We’re focusing once again on this critical Bull/Bear pivot and will frame our short-term trades in terms of the departure “away from” 2,370.