Sep 25, 2018 — TUESDAY AM
The ES is barely hanging on to the 2917-2920 zone of near-term support. Failure to maintain acceptance above this zone would suggests a return to recent support at 2865. The NQ appears poised for a major squeeze ahead if it can get above 7640, but the Inside Value relationship that has developed with the pivot range suggests a major breakout may be seen in October in either direction. Gold continues to compress ahead of Wednesday’s FOMC Meeting and Fed Interest Rate Decision, which will give us another FOMC Key Level soon. Here are the levels we’re watching in the PivotBoss Trading Room.
This video also includes: E-Mini S&P 500, E-Mini Nasdaq 100, Crude Oil, and Gold futures.
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Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss