August 08, 2019 — THURSDAY AM
The ES and NQ have continued to see higher highs and higher lows over the last several sessions and continue to push toward the midpoints of their respective sell-offs. Look for price to reach these targets, which would give us new key ranges to use in our analysis and trading in the weeks and months ahead. Crude Oil held the 50 support level, which has held all year long. Failure to hold this level would open up a decline back to the 42s. Gold futures may see a near-term pullback after recent strength, but all pullbacks are still buying opportunities until proven otherwise. 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