Dec 17, 2018 — MONDAY AM
The ES, NQ, and RTY continue to show signs of weakness ahead of Wednesday’s FOMC Meeting and Fed Interest Rate Decision, which the market will be watching closely as we head into 2019. While RTY has hit new lows for the year, the ES and NQ still have a bit to go before these levels are taken out. We may need to see the markets flush lower before we can see a suitable bounce. Crude Oil remains within an extremely narrow price range, and unless price can recapture the 55s, we could see another major round of weakness into the 38-40 zone in the weeks ahead. Gold appears poised to rally yet again.
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, Russell 2000, 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