The ES and NQ have each pulled back over the last six days, which now offers a potential buy opportunity on a swing basis over the next 2 to 3 weeks. However, we must first see signs of rejection before triggering new entries. Keep an eye on the Russell 2000, which is having trouble staying above 1720. Here are the levels we’re watching in the PivotBoss Trading Room.
The NQ has pulled back over the last several days, enduring one of its biggest down days in a while during Wednesday’s session. We may see a bit more of a pullback before bulls look to defend for a late-month rally opportunity. Keep an eye on the Russell 2000 for signs of a major upside continuation, and pay attention to Bitcoin below 6700. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ have pulled back modestly over the last few days, but could see a bit more downside if the ES fails to regain acceptance above 2900. Ultimately, this pullback with likely offer another buying opportunity ahead, which is the better move to play. Crude Oil and Heating Oil developed major rejections in the previous session, which could lead to more selling pressure ahead. Additionally, you’ll want to keep an eye on this level in the Russell 2000. Here are the levels we’re watching in the PivotBoss Trading Room.
Sep 04, 2018 — TUESDAY PM: Crude Oil and Heating Oil each experienced strong rejections at the previous month’s high price, which opens the door to selling pressure this month. Keep an eye on these short and long term stock candidates: $CTSH, $EGAN, and $GS. Here are the levels and candidates we focused on during the Monthly Outlook for September 2018.
The ES and NQ are showing early signs of weakness this morning, which could spill over into the rest of the week. However, any early pullback this month is likely to be met with another round of buying pressure, as pullbacks are still buying opportunities until proven otherwise. Crude Oil with a stop run day, and Bitcoin is already up 5% with a breakaway gap. Here are the levels we’re watching in the PivotBoss Trading Room.
