The ES and NQ continue to remain moderately bullish, which will remain the case until they are unable to hold above their respective key levels. Yesterday’s failed breakout in Crude Oil offers a selling opportunity today. And bitcoin continues to rally after breaking through out 6700 key level. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ continue to hold above their respective FOMC Key Levels from June 13, which are the major pivots to watch this week as all eyes turn to $GOOG earnings after the close Monday afternoon. Continue to watch the rounded bottom as it develops in Crude Oil, as this range could fuel the next major phase of expansion for this market. Here are the levels we’re watching in the PivotBoss Trading Room.
The Russell 2000 got the initial breakout from the narrow compression, which could spark another round of strength out of this market. Additionally, Gold has found a strong low that could result in a short term push back to 1240 and perhaps even higher. Here are the levels we’re watching in the PivotBoss Trading Room.
The markets seem to be firmly entrenched in the summer doldrums at this point, with the ES and NQ registering narrow ranges in many of the last several trading sessions. The Russell 2000 has developed a very narrow 5-day range, which could fuel significant expansion soon. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES is testing a major CLVN in the daily timeframe, which we’ll want to continue to watch for signs of rejection. Meanwhile, Crude Oil has experienced a significant sell-off over the last week, but are we done going down, or will we see 64? Here are the levels we’re watching in the PivotBoss Trading Room.
