FEBRUARY MARKET OUTLOOK: Watch the replay of our February market outlook webinar, which has tons of candidates for the month ahead: http://pivotboss.com/2019/02/04/pivotboss-monthly-outlook-feb-04-2019-20-candidates-to-watch/
The ES and NQ are holding within narrow two-day ranges near recent highs, which could spark the next move once a breakout occurs. Keep an eye on 2740 and 7000, respectively, as near-term support levels to watch for a potential break. Crude Oil continues to trade within a narrow range, which has been in development for over a month. Eventually, this range will trigger a significant breakout, but right now it remains range-bound. Gold has a failed breakout to the upside during Wednesday’s session, and is now testing the bottom of its narrow range. A true breakout from this range could spark a move of about 40 to 60 points soon. 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