Monday’s strong bullish session thrust price into our 2,070 Fibonacci Target where our reversal occurred.
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:
I flipped the grid to reflect the recent UPWARD retracement away from the 2,040 level to the 2,100 high.
We’re focusing on the 2,060 level (so far today’s reversal high in the morning) and the two extension pivots away from it: 2,049 and 2,068.
For simplicity, we’re focusing on 2,060 as today’s immediate pivot and 2,050 as a lower support target with 2,070 as an upper bounce intraday target.
Trade the movement toward or away from the 2,060 pivot for your simple intraday plans.