Dec 07, 2018 — FRIDAY AM
The equity indexes turned sharply off the support levels that we offered the previous morning, with tech stocks and the NQ leading the way higher. The result were great rejection day formations that could lead to more near-term strength ahead, likely in the next 1 to 5 days out. However, upside may be limited until major resistance above can be breached and held. Keep an eye on the midpoints of the previous session in the ES, NQ, and RTY, as these levels will tell the story of acceptance or rejection today. 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, Russell 2000, and Gold futures.
DEC OUTLOOK RECORDING: Please visit the following link to watch the recording of our December Monthly Market Outlook webinar: http://pivotboss.com/2018/12/03/pivotboss-monthly-outlook-dec-03-2018-year-end-candidates/
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