May 30, 2019 — THURSDAY AM
The ES and NQ are trading within narrow overnight ranges after the previous session’s selling pressure. Each index remains below its key range low, which suggests more weakness ahead, but this is also a zone to watch for rejection. Crude Oil may have formed a bullish rejection in the previous session, which could lead to near-term strength if 58s hold. Gold continues to chop around the previous month’s closing price and could be due a major breakout in June. 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