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:
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.