June 21, 2019 — FRIDAY AM
The ES, NQ, and CL are each experiencing narrow trading ranges after explosive sessions in the previous day. Compression tends to happen after expansion, which means we could see further trading range activity throughout much of the morning, or perhaps the rest of the day. Given recent strength, pullbacks are to be bought until proven otherwise. Gold futures has pushed through 1400, reaching a high of 1415, and could be headed to 1525 over the course of the next couple of months if price continues to remain above 1360. 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