Mar 20, 2019 — WEDNESDAY AM
NOTE: This is the last pre-market video of the week. We will return to our normal schedule next week, beginning Monday, March 25, 2019. Have a great week, and I’ll see you Monday!
MARCH MARKET OUTLOOK: Watch the replay of our March market outlook webinar, which has tons of candidates for the month ahead: http://pivotboss.com/2019/03/04/pivotboss-monthly-outlook-mar-04-2019-prospects-for-the-month-of-march/
The ES, NQ, and CL have modestly pulled back from Tuesday’s highs ahead of this afternoon’s FOMC Statement and Fed Interest Rate Decision, which will give us another FOMC key level to use for analysis and trades. Overall, the markets remain bullish, but we are trading at major resistance levels, which could lead to near-term weakness soon. I’m still holdings puts in $DAR and $RUN, and I bought a cheap call spread in VIX as a general hedge. I will be looking to add more positions post-Fed. 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.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss