Nov 27, 2018 — TUESDAY AM
The ES, NQ, and YM are each showing signs of failed new highs in pre-market trading, which suggests another round of selling pressure ahead. Given that these patterns are developing at lows, there is the potential for a bear trap, so watch for signs of potential failure, which could trigger a short squeeze. Crude Oil is holding within a narrow 2-day range and could begin to see another round of selling pressure soon, as CVPOC at 49s is still below. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.
This video also includes: E-Mini S&P 500, E-Mini Nasdaq 100, Crude Oil, and Dow futures.
NOV OUTLOOK RECORDING: Please visit the following link to watch the recording of our November Monthly Market Outlook webinar: http://pivotboss.com/2018/11/02/pivotboss-monthly-outlook-nov-01-2018-aapl-releases-earnings-drops/
NEWS: Swing Trade Pro 2.0 HAS OFFICIALLY LAUNCHED! Please visit http://pivotboss.com/swingtradepro2/ for details on a great introductory offer!
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss