AUGUST 15, 2023 — TUESDAY AM
The ES, NQ, and YM have each seen heavy selling pressure in overnight trading, as China slashed key interest rates. Overall, the bearish FNH in the daily timeframes opens the door to more downside ahead, likely to mLO for the ES. Watch the overnight highs closely, as bulls could use these for bullish breaks down the road. Crude Oil is currently showing signs of rejection at resistance, and the next pullback could lead to a good opportunity to sell. Gold remains on a path toward 1900.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss