June 04, 2019 — TUESDAY AM
The ES and NQ sold off in the previous session, but closed the day in very different ways, with the ES rallying into the close and the NQ closing near lows. While a near-term bounce could be seen in the days ahead, will that bounce offer an opportunity for bears to pile on again? As it currently stands, it appears this may be the case. Crude Oil remains bearish, and a bounce may also offer an opportunity for bears to defend for a shot at reaching CVPOC below at 49.17. Gold remains on a path to 1350, and bulls will be looking to defend pullbacks for a shot at reaching the upper end of the key 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