PivotBoss Pre-Market Video [DEC 17, 2024]: Early Weakness

DECEMBER 17, 2024 — TUESDAY AM

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The ES, NQ, YM, Gold, and Crude Oil are all seeing early weakness ahead of the RTH open, as the market continues to await the Fed tomorrow. Each of these markets are seeing weakness, but will bulls look to buy the morning dip? Watch yLO in the ES, as a rejection here could keep prices within a 2-day narrow range. The NQ continues to be the most bullish of the bunch, while the YM remains within a bearish downtrend. Gold may return to the 2630s below, and Crude Oil could go breakeven for the quarter with a return to 68.30. BTC remains bullish and on a path to 113k, while ETH continues to hold at 4000, with a shot at further expansion toward 4600 down the road.

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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