Author: PivotBoss

The ES, NQ, and YM are each showing signs of failed new highs in pre-market trading, which suggests another round of selling pressure ahead. Given that these patterns are developing at lows, there is the potential for a bear trap, so watch for signs of potential failure, which could trigger a short squeeze. Crude Oil is holding within a narrow 2-day range and could begin to see another round of selling pressure soon, as CVPOC at 49s is still below. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES and NQ are still holding near recent lows, with the potential to go lower. At some point, we may see a good buying opportunity ahead, but we have to remain patient, as more downside price action is likely to occur in the meantime. Crude Oil appears headed to 49s, and Bitcoin is now below 4k, with a 2100 target below. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES and NQ are still showing signs of weakness, with the NQ now below the October lows. While more of a downside flush may be seen in the days and weeks ahead, very good buying opportunities may arise. Crude Oil may finally be on the verge of near-term strength ahead bouncing off 55 yesterday, and Bitcoin has hit our target at 4400 after the big flush down. Will there be a bounce now. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES and NQ are showing initial signs of weakness this morning, each of these markets have turned down from their previous session highs, which could mean more near-term selling pressure. As they say, however, “Never short a dull market” as we head into the teeth of the holiday-shortened week of trading. Crude Oil appears headed even lower, and Bitcoin has hit fresh lows.

The ES and NQ each developed decent lows in the previous session and rallied into the close, setting the stage for a potential near-term bounce again…one that could lead to a retest of the Nov 8th FOMC Key Levels over the next week or two. Crude Oil is testing two-day highs, which may lead to another massive failure if bears keep control. Is the Bitcoin flush over? I don’t think so. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.