PivotBoss Pre-Market Video [June 18, 2024]: Early Compression

JUNE 18, 2024 — TUESDAY AM

The ES, NQ, and YM are trading within super narrow ranges ahead of the RTH open, but remain within a very clear bullish trend in the near term. Like Monday, any test of ONLs could offer a buying opportunity for a quiet move higher into the close. Wednesday is a market holiday, so volume and volatility could dry up a bit heading into the end of the day. Crude Oil bulls want to keep 79 bid for a shot at 80.62 above. Gold bulls are trying to keep yLO bid for a push higher within the multi-day narrow range. BTC and ETH bulls trying to keep mMID bid, as a failure opens up last month’s lows.

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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