PivotBoss Pre-Market Video [Dec 11, 2018]: Bullish Rejections Across the Board
Dec 11, 2018 — TUESDAY AM The ES, NQ, RTY, and IYT are all showing bullish rejections after Monday’s session, which suggests we could see another rally in the near …
PivotBoss Pre-Market Video [Dec 10, 2018]: Sell the Rip in Crude Oil?
Dec 10, 2018 — MONDAY AM The ES and NQ are both sitting near swing lows, with the ES testing support near 2600 for the third time. Any break of …
PivotBoss Pre-Market Video [Dec 07, 2018]: Short Term Buying Opportunity?
The equity indexes turned sharply off the support levels that we offered the previous morning, with tech stocks and the NQ leading the way higher. The result were great rejection day formations that could lead to more near-term strength ahead, likely in the next 1 to 5 days out. However, upside may be limited until major resistance above can be breached and held. Keep an eye on the midpoints of the previous session in the ES, NQ, and RTY, as these levels will tell the story of acceptance or rejection today. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.
PivotBoss Pre-Market Video [Dec 06, 2018]: Potential Support Coming Into View
The markets remain quite weak, but potential long term support is beginning to come into view in the ES, NQ, and RTY. Each of these markets have dropped sharply throughout the week, but key LVNs are below, which could provide near-term bounce opportunities ahead. More short term weakness is likely ahead, but keep an eye on these LVNs for signs of rejection. Crude Oil remains weak, and Gold continues to show long term signs of accumulation. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.
PivotBoss Pre-Market Video [Dec 04, 2018]: Key Levels to Watch
The ES and NQ are each pulling back from Monday’s highs and are testing previous session lows, which are the key levels to watch today. Failure to hold above these levels opens up a bit more of a pullback, but will bulls defend the dip? If so, we could see some end-of-year strength. Crude Oil has put together two solid days up, but still remains bearish as long as it continues to hold below the 55 key level. Gold continues to build out the rounded bottom accumulation pattern, which could eventually lead to a major breakout move. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.