DECEMBER 16, 2024 — MONDAY AM
HOLIDAY FLASH SALE: Get up to 42% OFF at http://pivotboss.com/flashsale. But hurry, these deals expire soon!
The ES, NQ, and YM are opening the week with a strong start, as each are seeing rollover gaps to the upside and following through ahead of the RTH open. The ES gap has pushed price out of the 10-day narrow trading range, which could trigger a meltup phase continuation in the back half of the month. The YM rollover gap has led to a break of the 7-day downtrend, and could finally return price back to the highs of the year. Gold put in a strong weekly rejection last week, so bears may be eager to defend 2700 for a return to 2635 below. BTC and ETH remain strong, with BTC hitting a new all-time high at 107k. More upside could be ahead for these markets, with BTC approaching a key range target at 113k.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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