PivotBoss Pre-Market Video [March 8, 2021]: Will Friday’s Strength Spill Over To This Week?

MARCH 8, 2021 — MONDAY AM

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The ES, NQ, and YM each had strong bullish reactions Friday, which led to a ton of stocks seeing bullish rejections. Will that strength spill over to this week? If so, Friday’s midpoint needs to remain intact, as bulls need to keep it bid for a shot at higher prices. The NQ will deal with a newly developing bearish PEMA trigger zone, which will provide some overhead resistance. Crude Oil has reached 68s and is showing early signs of rejection, which could trigger a bigger pullback now that it has reached the top of market structure. Gold remains bearish and has nearly reached our 1660 target, with 1600 likely next.

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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