Tag: Pre-Market Reports

The ES, NQ, and RTY each rallied tremendously Wednesday as Fed Chair Powell gave the market a boost. But will the Fed bump last? After yesterday’s expansion, look for today to be more about price digestion and compression, with a shot to push higher in the days and weeks ahead if key levels can hold below. Crude Oil remains below the 52.50 key level, which could open up major upside if crossed at some point down the road, and 30-year Bonds are holding at key resistance. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES and NQ are showing strength after the failed new high failed in the previous session…essentially a bear trap was created, which opens the door to near-term strength ahead. Crude Oil is coiling within a very narrow compression that could trigger another major move soon…but which way? Also, Gold continues to develop a large compression pattern, which could release major energy down the road. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES, NQ, and YM are each showing signs of failed new highs in pre-market trading, which suggests another round of selling pressure ahead. Given that these patterns are developing at lows, there is the potential for a bear trap, so watch for signs of potential failure, which could trigger a short squeeze. Crude Oil is holding within a narrow 2-day range and could begin to see another round of selling pressure soon, as CVPOC at 49s is still below. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES and NQ are still holding near recent lows, with the potential to go lower. At some point, we may see a good buying opportunity ahead, but we have to remain patient, as more downside price action is likely to occur in the meantime. Crude Oil appears headed to 49s, and Bitcoin is now below 4k, with a 2100 target below. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES and NQ are still showing signs of weakness, with the NQ now below the October lows. While more of a downside flush may be seen in the days and weeks ahead, very good buying opportunities may arise. Crude Oil may finally be on the verge of near-term strength ahead bouncing off 55 yesterday, and Bitcoin has hit our target at 4400 after the big flush down. Will there be a bounce now. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.