August 22, 2019 — THURSDAY AM
The ES and NQ have traded sideways for four sessions now ahead of Fed Chair Powell’s speech Friday morning, as the markets are awaiting what may be said regarding interest rates and Fed policy moving forward. More range-bound action may be seen. Crude Oil is showing early signs of rejection of prices above 57s, and Gold continues to build a narrow range ahead of the next potential bounce. 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