Nov 01, 2018 — THURSDAY PM: In the November edition of our monthly outlook, we discuss $AAPL earnings, and the affect it cold have on the markets. We also talk $TNDM earnings, and prospect for long and short candidates for the month ahead. Here are the levels and candidates we focused on during the Monthly Outlook for November 2018.
The ES, NQ, and RTY are all up this morning in pre-market trading, but these markets are still vulnerable to more weakness ahead if these bounces don’t lead to more strength soon. The markets are right in the danger zone for additional selling pressure, but are also on the cusp of a major squeeze. Crude Oil has formed a very narrow trading range and could see expansion soon, and Gold is bouncing off the 1216 key level, which could lead to more upside ahead.
I’m hosting another Monthly Market Outlook webinar after the close on Thursday, November 1st at 3:30pm CT, wherein I’ll talk stocks, futures, crypto, options and more! Everyone is invited to attend this FREE event…so please share the link and tell your friends!
NOV MARKET OUTLOOK: Please join me THURSDAY, NOV 01 for my monthly market outlook for November! JOIN LINK: https://join.me/pivotboss
The ES, NQ, and RTY have all rallied from recent lows, but will the bounce last? Currently, prices are holding near multi-day highs and they either need to see a breakout and expansion, or a failure will occur. Watch for signs of failure, as this could lead to another major wave of selling pressure. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES, NQ, and RTY have all moved higher in pre-market trading, but may encounter selling pressure, which could lead to another round of new lows. Crude Oil appears poised for expansion…to the downside, and Gold has pulled back, and could be a great buying opportunity soon. Here are the levels we’re watching in the PivotBoss Trading Room.
