June 11, 2019 — TUESDAY AM
The ES and NQ are still holding near 2-day highs and continue to trade near significant key levels, namely 2900 and 7600, respectively. Any rejection in this zone could return prices to previous lows, so continue to watch these levels closely. Crude Oil has developed a narrow range over the last week of trading, including over the current developing 3-day range, which suggests it’s building energy for the next move. Above 55s would open up another 5 handles of upside, while a break through 52.50 will lead to another round of selling pressure. Gold has pulled back from 1350 and is now in the bullish PEMA trigger zone, which could lead to strength ahead, unless 1320 cannot be held. 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