June 26, 2019 — WEDNESDAY AM
The ES and NQ have pulled back in overnight trading and are testing important midpoints from the previous session’s sell-off, which offers an optimal opportunity for bears to defend for another round of selling pressure ahead. Watch 2940 in the ES and 7700 in the NQ for signs of rejection. Any failure to get back above these levels could suggest more weakness to come. Crude Oil remains bullish, and every pullback remains a buying opportunity until proven otherwise. Gold also remains on a path higher, and could be headed to 1525 over the next couple of months as long as it remains above 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