Reacting to Fed Minutes Report, Sellers Collapse Market
In reaction to yesterday’s Fed Minutes report, sellers collapsed the market back inside our larger Fibonacci Grid.
However, buyers stepped in this morning exactly at our 38.2% level. Exciting!
Here’s today’s updated Emini (@ES) trading levels for your trades:
Traders hate traps but they are a factor of trading life.
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How to Sell Weekly Options for Steady Income
Yesterday’s Bull Trap (failed initial breakout) sent shares tumbling back toward our key 2,345 target.
This morning’s rally took us – for now – to the midpoint of our highlighted Fibonacci targets within the range.