August 07, 2019 — WEDNESDAY AM
The ES and NQ are beginning the session with a failed move above the previous session’s high price, which opens the door to more of a pullback ahead in the near term. Look for bulls to defend a pullback to between 2840-2850 in the ES, and between 7400-7430 in the NQ for a shot at reaching the midpoints of the recent sell-off ahead. Crude Oil appears poised to retest recent lows between 50 and 51, and Gold has rallied through 1500 for the first time in over 6 years, with a shot to reach 1525 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