August 16, 2019 — FRIDAY AM
The ES and NQ are trading above the previous session’s high price and are currently holding within narrow boxes, which could lead to a big move later in the day. A failure to hold the previous session’s high could lead to a major sell-off back toward previous session lows, or lower. Crude Oil has already rejection its previous high and appears poised for a push back to, and through, the 54 level. Gold remains bullish and all 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.
— Frank Ochoa
Author, Secrets of a Pivot Boss