NOVEMBER 20, 2024 — WEDNESDAY AM
The ES, NQ, and YM are trading at around 30% of ADR heading into the RTH open, as the market awaits $NVDA earnings later this afternoon. Each of these market have developed expanding intraday ranges, which traders will look to fade the edges, with an upward bias. Tuesday’s session came with a strong daily bar low, and a G Squat green bar for the ES and NQ, as well. This could be a Day 1 rejection that leads to strength over the next 1-3 weeks. As such bulls will look to defend into morning weakness for a bullish finish. Crude Oil has quietly pushed higher, but could see another round of selling pressure ahead, especially if 69 is taken out. Gold remains on a path to retest 2680 from below. BTC hit a new all-time high at 95k, and could see 100k very shortly.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://whop.com/pivotbosstrading/
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