Dec 12, 2018 — WEDNESDAY PM
The ES and NQ each gave back morning gains this afternoon, as the market has given back gains each of the last two sessions. While the Monday lows remain intact, the markets need to remain above Monday’s midpoint in order to forge higher. Remember, each rally since October has been short-lived, so while we may see more near-term upside, it would not be surprising to see another slide shortly thereafter. Here are the levels and candidates we focused on during the afternoon session of the PivotBoss Trading Room.
Topics Include:
- ES/NQ Still holding key support levels
- /CL fails to hold early gains
- $ALB Long Jan 90 Calls
- $IYT Long Jan 180 Calls
- $CI Long Jan 210 Calls
- $FIVE Head-and-Shoulders pattern
- $PRU Market Structure Breakdown
- $SCHW Short Opportunity
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