The ES, NQ, CL, GC, and XBT are all trading quietly heading into Wednesday’s FOMC Statement and Fed Interest Rate Decision, which will give us another FOMC Key Level to use in our analysis and trading. Looking to keep the powder dry ahead of Wednesday’s session, but will be watching for signs of expansion…and failed expansion. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ each pulled back from recent highs and are attempting to reestablish acceptance above the previous session’s low, which would be bullish for the day. Crude Oil is attempting a stop run day above 69.92, and Bitcoin needs above 8250, and Gold is coiling up ahead of its next move. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ continue to hold at highs, but I continue to watch for signs of rejection as this bull run continues. Gold is compressing, which means an increase in volatility, and perhaps a breakout, is likely ahead. I also discuss the current pullback in Bitcoin. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ are currently at cycle highs and may be on the verge of a pullback of some magnitude. The uptrend remains intact until proven otherwise, however. Crude Oil appears to be trading similarly to previous price action, which preceded a major stop run day. Crude Oil could have a big day soon. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ are showing early signs of topping out, but the market may take another few days to develop ahead of a move. Crude Oil is compressing over the last 7 trading sessions, which suggests significant expansion may soon be seen, and Bitcoin reaches our 8500 target. Here are the levels we’re watching in the PivotBoss Trading Room.
