Tag: Pre-Market Reports

The ES and NQ moved modestly higher in overnight trading, but bears have defended the move, creating resistance where there was once support. This may mean more near-term selling pressure ahead, and a swing buying opportunity may begin to present itself. Watch the previous high in Crude Oil. A rejection here could mean more selling pressure. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES and NQ have pulled back in overnight trading and are currently testing previous session lows, which is a zone to watch for signs of rejection today. Failure to reclaim these levels could lead to more selling pressure heading into the weekend, while holding the low may ultimately spark another rally ahead. Crude Oil drops below 60 and finds a strong intraday low, but more downside on a swing basis may still be ahead. Gold continues to build out, as does Bitcoin, which continue to build toward expansion opportunities down the road. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES, NQ, and RTY have all rallied sharply following Tuesday’s Election, and are currently trading within narrow ranges ahead of this afternoon’s FOMC Statement and Fed Interest Rate Decision. Given the strength of the move so far, a major year-end rally may be developing. Crude Oil remains extremely bearish, and Gold may be range-bound again. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

Nov 07, 2018 — WEDNESDAY AM: The ES and NQ are trading higher post-Election, but are pushing into clear market structure resistance, which will be very important to watch moving forward. Crude Oil remains highly bearish, but could see a major bounce if bulls can reclaim the 63.41 level. Gold and Bitcoin are very tightly coiled and are working toward breakouts down the road.

TODAY IS ELECTION DAY…GO VOTE! The ES and NQ are holding within narrow ranges for the day and for the last few days, as the market awaits the #ElectionDay results. Crude Oil remains below the 63.41 support level and remains bearish, but the tide could change soon. Gold has developed a very powerful accumulation pattern that could deliver a big punch down the road…keep an eye on 1240. And Bonds continue to be bearish, but the prior pivot high in ZB may be the key to strength down the road.