Will the Fed raise rates or keep them the same?
The answer to this question will determine whether we stay within our defined Fib Grid or break out of it.
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:
I drew a smaller grid which builds off the 2,180 swing high and captures the recent intraday reversals better than the larger grid.
We’re still working on the 2,139 level as our pivot within our 2,145 and 2,128 levels.
We’ll hear what the Fed does shortly – and the expectation is that they NOT raise rates.
Of course, BIGGER price swings occur when there is a surprise…
For more daily updates from Corey, visit his blog at Afraid to Trade.com.