PivotBoss Pre-Market Video [February 22, 2022]: Major Test at Key Range Low in NQ

FEBRUARY 22, 2022 — TUESDAY AM

The ES and NQ have put in new lows this week after multiple weeks of weakness this month. The ES bounced just shy of its key range low, but the NQ did get a major test of prices below the key range low, which have been rejected so far. Continue to watch wCL for early directional bias this week, as bears will be looking to defend price above it for a shot at new lows later this week. Crude Oil continues to remain strong, especially given the Russia-Ukraine conflict. BTC and ETH have both taken out key support levels, and may be on the verge of retesting last year’s lows.

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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