June 25, 2019 — TUESDAY AM
The ES, NQ, and CL are all trading within narrow 3-day ranges ahead of Fed Chair Powell speaking later today at Noon CT. With the ES and NQ sitting at or near all-time highs, a pullback could certainly be seen ahead. But expect bulls to attempt to defend the first pullback. Watch for a failed breakdown opportunity in Crude Oil, which could provide a great buying opportunity for a rally into 60 to 62. Gold continues to rally significantly, and could be headed to 1525 ahead. Any pullback should be seen as a buying opportunity until proven otherwise. 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