July 26, 2019 — FRIDAY AM
The ES and NQ continue to hold near the upper end of their respective trading ranges, but could see modest rotations back within the ranges ahead of next week’s FOMC Meeting. Expect further range development heading into the meeting, followed by potential expansion post-meeting. Gold and Crude Oil are developing narrow ranges over the last week of trading, and both are having trouble with resistance, which means a flush could be coming soon. A breakout from these narrow ranges could trigger some nice movement soon. 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