August 15, 2019 — THURSDAY AM
The ES and NQ have bounced modestly after Wednesday’s intense selling pressure, but will this bounce lead to another downside continuation ahead? With the August lows just below, we could see another round of selling pressure lead to a retest of those lows in very short order, as any bounce will likely be seen as a selling opportunity for bears. Crude Oil is attempting to hold above support at 54, but failing to hold this level will lead to another test of 50.50 below. Gold remains strong, and pullbacks remain 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