September 11, 2019 — WEDNESDAY AM
The ES and NQ pulled back from recent highs, but remain above the breakout point of the August range, which suggests more upside ahead, likely back to the previous month’s high price. Failure below 2950 in the ES, and 7700 in the NQ, would trigger major selling pressure back down. Crude Oil is trading around the previous month’s high price and the 200-day average, which means it could be due to see a big move soon. Watch 57s, as holding this level paves the way to 61, while a failure of this level opens up 53. Gold continues to pull back, and is approaching the important 1480 level. 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