July 29, 2019 — MONDAY AM
The ES and NQ continue to hold near the highs of their respective ranges, as the market aways Wednesday’s FOMC Meeting and Fed Interest Rate Decision. With the range-bound trading in July, and August breakout move could be ahead. Crude Oil continues to trade within a highly compressed 7-day range, that is now becoming an 8-day range. This range could lead to a major breakout opportunity soon. Gold remains bullish, but keep an eye on 1430 for signs of intraday weakness today. 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