PivotBoss EMini Analysis

Failed Range Expansion Leads to Selling in the ES

The E-Mini S&P 500 futures failed to establish acceptance above 2072.25, which triggered recent selling pressure. Given the long term trending structure of the market, OTF responsive bulls are eager to defend major pullbacks for a shot at new highs into 2100, but 2007.50 is the key pivot.

PivotBoss E-Mini Analysis

NQ Bears Take Back November Gains

Despite the recent run of weakness, the NQ remains within a major bull market, and pullbacks of this magnitude start becoming buying opportunities for new highs down the road. The first major buying opportunity could be seen very soon, but more selling pressure will likely be seen first.