May 10, 2019 — FRIDAY AM
LIVE SESSIONS ARE HERE! Live Sessions have been scheduled for both PivotBoss Masters and Swing Trade Pro 2.0 members! If you are not a member, now’s the time to join. Follow this link to see the schedule of events: https://mailchi.mp/pivotboss/lets-make-some-money
The ES and NQ remain quite weak, as the market continues to fail at developing a strong low. Each and every pivot low continues to be taken out, and the market continues to find acceptance below the previous session’s midpoints, which is indicative of a downtrend. Overall, more weakness could be seen, but it’s unwise to buy until we can find a strong low to work from. Crude Oil may be developing a failed breakout, so I quantify how far the move could take us in the video. Also, keep an eye on 1290 in Gold, as this level may finally see a stop run 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.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss