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 are each showing initial signs of topping out, but much more development needs to be seen first, as these markets continue trending higher in the near term. Gold and metals are bouncing after the recent shake-out leg, but may also need more development before the next big move is seen. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES remains near recent highs, while the NQ continues to trade within its narrow range. Perhaps the action has moved to Metals today, as a skakeout leg could provide buying opportunities in Gold, Silver, Copper, and Platinum. Also, yesterday’s failed breakout in bitcoin could trigger selling pressure ahead, so keep an eye on 6000. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES and NQ are showing early signs of weakness after yesterday’s late-day selling pressure. However, bears need to keep yday’s midpoint offered today for a shot at multi-day weakness. Crude Oil got the breakout yesterday and is now trading over 67s, with a shot to see higher prices. Bitcoin is also seeing strength today after a breakout yesterday. Here are the levels we’re watching in the PivotBoss Trading Room.
Crude Oil is developing a very narrow 3-day range, which could spark the next key breakout move. Bitcoin has developed an even more significant price compression, which may fuel the next move above 6700. A breakout could be ahead for both of these markets this week. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES, NQ, and YM are showing signs of strength after the recent pullbacks. A break above 2845 in the ES could open up much more upside. Gold is finally developing a strong rejection day, which means we may have found our bottom in Gold. If so, we could see a near term bounce to 1225-1230, and potentially higher. Bitcoin bulls continue to defend 6000 for a shot at 8000. Here are the levels we’re watching in the PivotBoss Trading Room.
