June 12, 2019 — WEDNESDAY AM
The ES and NQ have tested prices at resistance for two straight sessions and have been turned away so far. The 2900 level continues to be rejected in the ES, and the NQ cannot rise beyond 7600, which could suggest a pullback is coming. Perhaps a return to the midpoint of the current month’s rally could be in play. Crude Oil has broke down out of the narrow 3-day range, which lead to the next 5-handle move. Watch 51.70 intraday. Gold has bounced out of the bullish PEMA trigger zone, but watch for signs of rejection upon a retset of 1350 from below. 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