The ES and NQ have each formed clear rejections after Monday’s trading, which we noted in our afternoon trading room session. These rejections could spark a strong continuation higher heading into the 4th of July holiday and into next week. Crude Oil remains on track for our next upside target, which is above 75. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES is back at the 2703.75 key level and could continue to trade around this zone heading into the holiday-shortened week here in the US. Crude Oil is beginning the week with a failed new low, but may be due for some digestion, while the Bitcoin has entered the PEMA trigger zone, which could be quite bearish. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ have pushed higher in overnight trading, but are now approaching overhead resistance. Crude Oil remains bullish, and Bitcoin is down big after breaking the critical 6000 level. Here are the levels we’re watching in the PivotBoss Trading Room.
After the significant turnaround in yesterday’s session, the markets appear poised for more weakness in the near term. Meanwhile, Gold hit our target at 1252.60. Here are the levels we’re watching in the PivotBoss Trading Room.
After the recent sell-off, the ES, NQ, and YM are developing failed new lows that could lead to a short term rally over the next 5-7 days, which could target the FOMC Key Levels above from the June meeting. Here are the levels we’re watching in the PivotBoss Trading Room.
