The Crash after the Bounce Emini Fib Grid Sept 13

Volatility returned with a vengeance the last three days.

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

E-mini S&P 500 30 Minute Chart

I highlighted the 2,156.50 level as the 61.8% upside target and that’s again exactly where price stopped yesterday.

The violent sell-swing we’re seeing now emerged from the 61.8% Fibonacci level – right on cue.

What now? Again, refer to the larger grid while price is beneath the 23.60% level at 2,128.

For now, use 2,128 as your short-term or intraday bull/bear pivot for today.

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