The ES, NQ, and YM are each holding within multiple-day ranges that are quite narrow, suggesting a major breakout opportunity could soon be seen…but which way? Overall, I’m expecting strength toward near-term targets, but I’m watching for signs of failure. Crude Oil appears headed lower, and Gold continues to hold gains…for now. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES, NQ, and YM each found serviceable bottoms Friday, and appear poised for a near-term bounce this week. Crude Oil appears to be having trouble with 72s, which may lead to a failed new high trade opportunity. Bitcoin continues to teeter on the edge of 6000, and may see a flush soon. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ are bouncing, with signs that a near-term bottom may be in. If the lows of the impulse sell-off are in, then we could see high probability bounces back toward their respective midpoints. Gold finally saw a major breakout, but will it hold? Bitcoin is back to 6000 after another failure to push higher…is a flush coming? Here are the levels we will watch during the morning session of the PivotBoss Trading Room.
The ES and NQ are developing potential bottoms in the form of tight boxes at the lows of the recent sell-off. This behavior suggests a bounce opportunity may be developing, so keep an eye on the key levels mentioned in the video for signs of strength. Crude Oil recently dropped from the 75s, but is a return to 74 in the cards? And Bitcoin is down over 5% to start the day, and is now testing the major 6000 level. Is a flush coming? Here are the levels we will watch during the morning session of the PivotBoss Trading Room.
Thank you very much for attending my webinar Profiting with Swing Trade Pro 2.0 Wednesday night! Here’s the recording, in case you missed the session or want to rewatch it. This was an excellent session that describes how I was able to identify rejection in the Nasdaq ahead of the recent selling pressure we’ve experienced. I also discuss how Swing Trade Pro 2.0 would have helped you identify the move ahead of the crowd.
