May 15, 2019 — WEDNESDAY AM
The ES and NQ have pulled back in overnight trading after yesterday’s rally. While the market rallied nicely, it really didn’t leave behind a strong low, which means the market is still vulnerable to trading lower. Keep an eye on the previous session’s midpoint for intraday bias. Crude Oil rejected our 62s yesterday, and continues to build energy for a potential breakout move, likely to the downside with targets between 58 and 59. Gold continues to hold above 1290, which suggests more strength ahead. 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