August 20, 2019 — TUESDAY AM
The ES and NQ have rallied over the last several days and are now approaching key levels from below, which will determine the next major swing move. Watch 2960 in the ES and 7800 to 7850 in the NQ for signs of rejection or acceptance. Failure to reestablish acceptance above these zones will suggest another sell-off ahead, likely to lower support levels of 2820 and 7400, or perhaps lower. Crude Oil continues to honor an upper trend line near 57s, which could come into play soon, and Gold remains a buying opportunity on all pullbacks. 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