July 18, 2019 — THURSDAY AM
The ES and NQ have pulled back over the last two sessions and are now trading back within the bullish PEMA trigger zone, which tends to offer a buying opportunity ahead of the next swing rally. The intraday price action is already showing signs of initial rejection of prices below previous session lows, which suggests more upside could be seen ahead. Watch for signs of rejection between 55 and 56 in Crude Oil, and look for further range-bound trading action in Gold the rest of the month, with a bullish bias. 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