May 21, 2019 — TUESDAY AM
The ES and NQ may be developing lower highs for the first time since late last year, which could mean another dip lower is coming. Watch the prior pivot low for signs of rejection or continuation. Crude Oil continues to trade around the previous month’s close price of 63.50, which has been a major pivot the last two months. A narrow 4-day range has developed around this pivot, which suggests a breakout may be ahead. Gold remains on a path lower, but continues to hold the 1270 key level. 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