August 02, 2019 — FRIDAY AM
I want to invite you to join me for my Monthly Outlook webinar on Monday, August 5. I’ll be hosting the event from our new PivotBoss Echofin trading room. It’s free to register and join, and be sure to invite anyone you think may enjoy the webinar.
If you don’t already have a PivotBoss Echofin account, you can create your FREE account at https://pivotboss.echofin.co/login. (P.S. Your username will be the name that is displayed in the trading room).
Here are the details of Monday’s meeting:
Meeting Date & Time: Monday, August 5, 2019 @ 3:30pm CT
Meeting Topic: August Monthly Outlook
Topic Summary: I’ll discuss the seasonality of August and how it tends to be the most bearish month of the year, which can oftentimes become a springboard to higher prices to end the year. We’ll discuss the current setup in the broader market, which suggests weakness to come, and will highlight the targets to look for. We’ll also cover a ton of candidates, which are showing bearish tendencies as we begin the month, in addition to those that are showing potential strength ahead.
The ES and NQ sold off tremendously in the previous session after the morning rally, which foreshadows more selling pressure ahead if certain key levels are violated. I discuss these key levels in the video, including which targets could be reached. Keep an eye on 55s in Crude Oil, as holding back above this zone could lead to a return to 58s. Gold may finally be ready for a breakout, with an upside target of 1525 in August. 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