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Bouncing Between the Fibs March 22 Emini Update

After a 30 point @ES Crash yesterday, we have a bounce near our 50% Fibonacci Level.

 

By Corey Rosenbloom

Here’s today’s updated Emini (@ES) trading levels for your trades:

We were correct in our strategy planning that “big move” would be likely if sellers broke the market beneath 2,370.

Price then moved not just toward our 2,352 target, but beyond that to the 50% Fibonacci at 2,338.

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Buyers stepped in aggressively this morning slightly under this level, boosting price back toward 2,352.

Continue using this Fibonacci Grid to frame your intraday trades “toward” and “away from” these levels.