July 22, 2019 — MONDAY AM
The ES and NQ are still holding near the highs of the year, but have been mostly flat in July. The ES and NQ have developed boxes above recent highs, which opens the door to a potential failure down the road, especially if key levels are violated to the downside, namely 2960 and 7740, respectively. Crude Oil remains within a bearish swing move down, and is currently developing a failed high, which could trigger more selling pressure ahead. Gold remains quite bullish, and any pullback could still offer a solid buying opportunity so long as 1375 remains intact. 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