Dec 10, 2018 — MONDAY AM
The ES and NQ are both sitting near swing lows, with the ES testing support near 2600 for the third time. Any break of this zone could easily open up a retest of the lows of the year. While we may see a short term bounce from these support zones, these rallies are currently being sold until proven otherwise. Crude Oil has pulled back into our PEMA trigger zone, which offers another sell the rip opportunity ahead if 53s remain intact. Bitcoin is higher this morning, but more downside still lies ahead, with our target of 2100 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, Bitcoin, 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