May 31, 2019 — FRIDAY AM
The ES and NQ are taking another dive, as Trump announced new tariffs…this time for Mexico. The month of May is shaping up to be the worst since 2012, and more downside could be ahead in June, given the lower value relationships of pivot range. Pullbacks are likely to be sold in the ES and NQ until proven otherwise. Crude Oil dropped in overnight trading and hit the 55 CLVN. This is a major key level that could finally trigger a bounce in CL. Gold futures rallies to the highs of the month, but needs above 1305 to really push higher. 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