Tag: Pre-Market Reports

The ES, NQ, and YM are showing early strength this morning, but are testing very important levels that could shift bias very quickly if rejected. While the ES and YM still appear poised to reach their respective midpoints of the impulse sell-offs, we could see much more chop in the near-term overall. Crude Oil may have more downside ahead, and keep an eye on 1220 in Gold. Here are the levels we’re watching in the PivotBoss Trading Room.

The ES, NQ, and YM are each testing previous session midpoints from below, which could lead to another round of selling pressure today if the market cannot reclaim those levels. Bears will be looking to keep those zone offered, so watch these levels closely. Crude Oil appears headed to 67s in the days ahead, and Bitcoin continues to teeter on the edge of 6000, with a major move coming. Here are the levels we’re watching in the PivotBoss Trading Room.

The ES and NQ each remain within a bullish framework that suggests more upside in the near term, but yesterday’s lows much hold on a daily closing basis. Crude Oil remains quite bearish and appears headed even lower, but a bullish channel suggests a great buying opportunity could present itself soon. Here are the levels we’re watching in the PivotBoss Trading Room.

The ES and NQ are each holding within narrow ranges after yesterday’s intense rally, with the NQ reaching our target of 7318, which cements a new key range. The ES has yet to reach it’s target of 2828.50, but is close. These key ranges will be very important moving forward. Gold continues to hold above 1220, and appears to be changing its directional bias, which could be quite bullish. And Bitcoin remains on the verge of a major breakout…but will it be to the downside? Here are the levels we’re watching in the PivotBoss Trading Room.

The ES, NQ, and YM are each holding within multiple-day ranges that are quite narrow, suggesting a major breakout opportunity could soon be seen…but which way? Overall, I’m expecting strength toward near-term targets, but I’m watching for signs of failure. Crude Oil appears headed lower, and Gold continues to hold gains…for now. Here are the levels we’re watching in the PivotBoss Trading Room.