PivotBoss Pre-Market Video [DEC 31, 2024]: Fade the Edges

DECEMBER 31, 2024 — TUESDAY AM

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The ES, NQ, YM and Gold are all trading inside day heading into the RTH open, which was our expectation heading into the day giving Monday’s high-range session and the closing price being close to the day’s midpoint. Look to fade the edges in early morning action today, but expect a tighter trading range heading into the afternoon. We could be setting up for very interesting monthly pivot range relationships heading into January. Crude Oil is developing a large rounded bottom, which could fuel a rally in the first 9 weeks of the new year. BTC and ETH are developing narrow ranges, and could see a big more weakness before another wave of strength hits.

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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