July 08, 2019 — MONDAY AM
The ES and NQ continue to trade in narrow ranges above their respective previous month’s high price, which is important zone to watch, as a bull trap could be developing. However, overall strength remains intact, and bounces off the PEMA trigger zone continue to be seen until proven otherwise. Crude Oil continues to hold above the 55 CLVN and could be due another bounce after the recent sell-off. Keep an eye on 57s for signs of strength today. Gold futures remains range-bound this month after its recent bullish rally. Further overall strength is likely to be seen as long as price 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