As we get ready to begin October, the S&P 500 (@ES) is “triangulating” within our Fibonacci Grid.
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:
Although Crude Oil is getting a big bullish boost, stocks remain trapped within a tightening range.
The Midpoint of the Triangle – crudely drawn – is near 2,155.
Still, we’re successfully using our known Fibonacci Price Levels as targets and possible intraday reversal points.
For more daily updates from Corey, visit his blog at Afraid to Trade.com.