August 05, 2019 — MONDAY 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 have seen quite a bit of selling pressure in overnight and premarket trading, and could be headed much lower in the week ahead. However, it wouldn’t be surprising to see a reactionary bounce in the near-term, which could provide another selling opportunity for bears. Crude Oil has developed an inside day, and could be building energy for another big move soon, especially if price reacts off the important 55 CLVN. Gold futures has gotten a major breakout through the 1460 key level, which opens the door to a move to 1500 and 1525 in the weeks ahead. 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