Tag: Pre-Market Reports

The ES and NQ have both pulled back modestly from recent highs, but remain within their respective uptrending channels. While more sideways may be seen, further overall strength is likely on a swing basis, unless key market structure levels are violated. Crude Oil continues to develop within a large compression, which suggests major expansion ahead. And keep an eye on Gold, as bulls are doing everything they can to keep the 1190 level bid. But will they succeed? Here are the levels we’re watching in the PivotBoss Trading Room.

The ES, NQ, RTY, and YM all seem poised for more upside as we head into the last trading day of the week. Keep an eye on previous session’s highs and previous month’s key levels for signs of failure. Ultimately, further strength could be seen over next next couple of weeks if these hurdles are cleared. More downside could be head for Crude Oil in the near term, but it is building within a larger compression for a bigger move ahead. Here are the levels we’re watching in the PivotBoss Trading Room.

The ES, NQ, RTY, and YM all seem poised to rally, not just today, but for the next 2-3 weeks. With the ES holding its 2878.50 key level on its first major retest, much more upside could be seen. Crude Oil appears to have rejected prices above 70 yet again, and now appears to be compressing within the boundaries of a large, developing triangle-type range, which suggests more chop in the near term, but major breakout potential down the road. Here are the levels we’re watching in the PivotBoss Trading Room.

The ES and NQ developed bullish outside day reversals during Tuesday’s trading, which suggests more upside Wednesday. However, a morning pullback may first be seen before bulls step in to defend. Keep an eye on the narrow 8-day range that has developed in the YM, which could lead to a significant breakout opportunity soon. Here are the levels we’re watching in the PivotBoss Trading Room.