September 30, 2019 — MONDAY AM
NOTE: I will be hosting my PivotBoss Monthly Outlook webinar Tuesday at 3:30pm CT via the PivotBoss Echofin trading room platform. You can visit https://pivotboss.echofin.co/ to create a FREE account to join the webinar, which will be held in the PivotBoss Community chat room. We’ll discuss the market outlook as we head into the end of the year, and we’ll prospect for candidates.
The ES and NQ are trading below Friday’s midpoint, which is an early bearish signal heading into Monday’s market. With lower highs and lower lows in recent trading, the markets could be headed lower still. Crude Oil remains weak, and may be headed to the next lowest support levels below – 53 and 50.50. Gold remains bullish, but is testing a major CLVN and support zone between 1480 and 1490. A rejection of this zone triggers the next rally, while a failure here could open up a return to 1375. 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