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Emini Playing into Critical Fib Support Level Today March 20

After yesterday’s Fed Day, stocks surged back toward the prior high, breaking their Fibonacci Grid.

 

By Corey Rosenbloom

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.

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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.