August 21, 2019 — WEDNESDAY AM
The ES and NQ have virutally traded sideways to begin the week, and are currently developing 3-day narrow ranges, which suggests an energy-building phase ahead of potential expansion down the road. Each index continues to approach significant overhead resistance, which remains a selling opportunity until proven otherwise. Crude Oil is approaching overhead resistance between 57 and 58, which has been heavily offered so far in August, and Gold remains a buying opportunity until 1460 can no longer hold. 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