Dec 14, 2018 — FRIDAY AM
The ES, NQ, and YM are doing just enough to remain bullish heading into the the weekend and next week’s trading. Each of these markets have pushed lower out of their respective inside day patterns, which suggests a false breakdown could be developing. A failed breakdown would open up an upside rally in the days ahead, but these markets need to hold today’s lows heading into the weekend. Crude Oil may be poised to squeeze higher for the first time in months, but keep an eye on the previous month’s close price, which is the major pivot to watch in this chart. Bonds may return to the 140 zone, which could help push equities higher.
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, 30-year Bonds, and Dow 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