Our Pre-Market Reports offer reliable multiple timeframe analysis, and are used to set the game plan for the upcoming trading day, complete with trade ideas and forecasted targets.
The ES, NQ, and YM each found serviceable bottoms Friday, and appear poised for a near-term bounce this week. Crude Oil appears to be having trouble with 72s, which may lead to a failed new high trade opportunity. Bitcoin continues to teeter on the edge of 6000, and may see a flush soon. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ are bouncing, with signs that a near-term bottom may be in. If the lows of the impulse sell-off are in, then we could see high probability bounces back toward their respective midpoints. Gold finally saw a major breakout, but will it hold? Bitcoin is back to 6000 after another failure to push higher…is a flush coming? Here are the levels we will watch during the morning session of the PivotBoss Trading Room.
The ES and NQ are developing potential bottoms in the form of tight boxes at the lows of the recent sell-off. This behavior suggests a bounce opportunity may be developing, so keep an eye on the key levels mentioned in the video for signs of strength. Crude Oil recently dropped from the 75s, but is a return to 74 in the cards? And Bitcoin is down over 5% to start the day, and is now testing the major 6000 level. Is a flush coming? Here are the levels we will watch during the morning session of the PivotBoss Trading Room.
The ES, NQ, and YM have all pulled back from recent highs and are still trying to find a strong low. More near term weakness may be seen ahead, especially if certain key levels are not reclaimed soon, like 2878.50 in the ES. Crude Oil bears are trying to keep 75-75.27 offered, but bulls still have the upper hand, and Bitcoin continues to coil ahead of a potential breakout. Here are the levels we will watch during the morning session of the PivotBoss Trading Room.
The ES and NQ continue to show signs of weakness, as a strong low has yet to be seen. Look for more near term weakness until clear rejection occurs, which could then be a great buying opportunity for the next move higher. Watch 75s in Crude Oil, as bears are attempting to keep it offered. Also, I quantify Bitcoin’s next potential move, which could be a big one. Here are the levels we will watch during the morning session of the PivotBoss Trading Room.
