Dec 11, 2018 — TUESDAY AM
The ES, NQ, RTY, and IYT are all showing bullish rejections after Monday’s session, which suggests we could see another rally in the near term, likely back toward previous month’s close prices. While a potential rally could be quite strong, these markets really need to take out much higher resistance levels before a meaningful longer term rally can take hold. Crude Oil remains very weak, and could be on the verge of a bearish stop run day soon. 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, $IYT, and Russell 2000 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