May 29, 2019 — WEDNESDAY AM
The ES and NQ are both trading below their respective key range lows, which is a great zone to watch for potential rejections…or a major continuation lower. Given the month’s weakness, further selling pressure is likely to occur until proven otherwise. Keep an eye on 2800 and 7300. Crude Oil is already down over 3% this morning and appears to be headed much lower, likely toward the 55 CLVN. If tested, the 55s could offer a solid bounce opportunity. Gold is pushing higher this morning, but remains within the 1270 to 1305 trading range. 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