PivotBoss Pre-Market Video [Oct 28, 2024]: Crude Oil Down, Bitcoin Up

OCTOBER 28, 2024 — MONDAY AM

The ES and NQ are both trading above Friday’s midpoints, which may lead to MGR buy signals at the RTH open for many stocks. The YM is approaching Friday’s mid, and could still open above it, which could provide early strength at the RTH open. The YM is showing early support at 42,400, and may work higher toward 42,600 and beyond early in the day. Crude Oil is down over 6% and continues to be a sell on every bounce as of this time. Bitcoin is up over 3%, and is approaching 70k, which has been major resistance lately. MGR gaps likely to be seen in BTC ETFs and miners. Gold remains highly bullish, and the next pullback offers another buy-the-dip opportunity.

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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