August 23, 2019 — FRIDAY AM
The ES, NQ, and CL sold off during pre-market trading after China says they will increase tariffs on US products. Before that news, the markets were trading mostly range-bound ahead of Fed Chair Powell’s comments later in the morning, which is what the market has been awaiting throughout the week. The markets continue to hold within narrow 5-day ranges, which will likely lead to a major breakout move very soon. Gold remains within the bullish PEMA trigger zone and could be headed to 1565 to 1585 very soon. 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