Dec 13, 2018 — THURSDAY AM
The ES, NQ, and RTY continue to hold above Monday’s lows, and are still in a position to head higher…but just barely. At some point, these markets will need to squeeze higher to push forward, or else bullish market participants will begin to jump ship, which will trigger a failure. Crude Oil remains within a very narrow trading range, but can’t seem to go lower despite sellers defending overhead resistance. If these sellers don’t get paid soon, a short squeeze may occur.
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, Gold, 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