Feb 13, 2019 — WEDNESDAY AM
The ES and NQ continue to trend higher, but are approaching key overhead resistance, which could provide some selling pressure soon. Until then, further strength is likely until proven otherwise. Crude Oil is seeing early signs of rejection at the previous month’s close, which could open the door to another move to 49s if 52s are taken out. Gold futures is coiling within a very narrow price range, which could lead to a major breakout opportunity soon. A test of 1300 could lead to a return trip to 1360. 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, and Gold.
— Frank Ochoa
Author, Secrets of a Pivot Boss