Tag: Pre-Market Reports

The ES, NQ, and YM have all developed bearish rejection days after Friday’s trading, which suggests more downside price action ahead. However, with another FOMC Meeting scheduled for Thursday afternoon, the markets could be range-bound ahead of the event, which could fuel a breakout in either direction. Crude Oil is trading at the best spot for eager bulls to look for opportunities, and Gold may be due for a major squeeze ahead.

The ES, NQ, and YM are all up in pre-market trading, but are facing headwinds ahead. Given the strength of the squeeze, any pullback could now be seen a solid buying opportunity that could lead to much more strength ahead. Crude Oil remains bearish, but has finally taken out the major key range low, which may ultimately lead to a bounce opportunity. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.

The ES, NQ, and RTY are all up this morning in pre-market trading, but these markets are still vulnerable to more weakness ahead if these bounces don’t lead to more strength soon. The markets are right in the danger zone for additional selling pressure, but are also on the cusp of a major squeeze. Crude Oil has formed a very narrow trading range and could see expansion soon, and Gold is bouncing off the 1216 key level, which could lead to more upside ahead.

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The ES, NQ, and RTY have all rallied from recent lows, but will the bounce last? Currently, prices are holding near multi-day highs and they either need to see a breakout and expansion, or a failure will occur. Watch for signs of failure, as this could lead to another major wave of selling pressure. Here are the levels we’re watching in the PivotBoss Trading Room.

The ES, NQ, and RTY have all moved higher in pre-market trading, but may encounter selling pressure, which could lead to another round of new lows. Crude Oil appears poised for expansion…to the downside, and Gold has pulled back, and could be a great buying opportunity soon. Here are the levels we’re watching in the PivotBoss Trading Room.