August 06, 2019 — TUESDAY AM
The ES and NQ seemed to have developed strong lows after reversing significantly from after-hours trading lows, which could trigger a reaction rally in the days ahead, likely to the midpoint of the recent sell-off. Watch the 200-day moving average for a retest and continuation higher over the next day for a shot at filling the midpoint above. Crude Oil continues to hold the 54 level, and appears poised to rally back toward 57s if price can get back above 55 soon. Gold remains above 1460 and appears ready to rally to 1500 for the first time in over 6 years. 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