June 18, 2019 — TUESDAY AM
The ES and NQ are trading just outside their respective narrow 6-day trading ranges, but are not expected to see a prolonged breakout move ahead of Wednesday’s FOMC Statement and Interest Rate Decision. Keep an eye on the previous week’s high prices for intraday clues today. Crude Oil continues to compress within a narrow range, which could release the next surge of expansion soon, likely to the downside, especially if price remains below the 55 CLVN. Gold continues on a path higher, with a shot at testing major resistance between 1360 and 1375. 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