New Emini Fibonacci Retracement Grid August 8

Price jumped higher into the 2,180 @ES level this morning and (so far) pulled back from this pivot.

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

E-mini S&P 500 30 Minute Chart

We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT an actual larger retracement.

We STILL haven’t seen a decent (more than 23.6%) retracement since late June!

Nevertheless, we continue to update our short-term Fibonacci Retracement Grid levels especially when price makes a new high.

For now, the key focal points for today’s session are the 2,180 high level and the 2,172 Fibonacci Level (23.6%).

For more daily updates from Corey, visit his blog at Afraid to Trade.com.