PivotBoss Pre-Market Video [May 09, 2019]: Are the Market Showing Early Signs of Rejection?

May 09, 2019 — THURSDAY AM

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The ES, NQ, and RTY are all showing early signs of rejection in the 1-minute charts, which had led to a show and steady return to ETH VWAP and forming higher lows and higher highs in the process. I’m watching for signs that these lows hold, as this could lead to a nice intraday and swing rally. Crude Oil has formed multiple inside days in a row and could be ready for a breakout, likely to the upside. Gold is in the bearish trigger zone and may be ready to head lower as long as price remains below 1290. 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