May 16, 2019 — THURSDAY AM
The ES and NQ have pushed higher in the last few days, but these markets are approaching key overhead resistance that we should pay attention to. A failure at these levels could provide more weakness ahead, while reclaiming prices back above these levels would open up a retest of recent highs. The Crude Oil bearish rejection seems to be failing, as the bias has changed to the upside after price closed above 62 yesterday. Are we headed to 68s? Here’s the key level to watch in Gold, as a big move could be coming 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