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 Russell 2000 got the initial breakout from the narrow compression, which could spark another round of strength out of this market. Additionally, Gold has found a strong low that could result in a short term push back to 1240 and perhaps even higher. Here are the levels we’re watching in the PivotBoss Trading Room.
The markets seem to be firmly entrenched in the summer doldrums at this point, with the ES and NQ registering narrow ranges in many of the last several trading sessions. The Russell 2000 has developed a very narrow 5-day range, which could fuel significant expansion soon. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES is testing a major CLVN in the daily timeframe, which we’ll want to continue to watch for signs of rejection. Meanwhile, Crude Oil has experienced a significant sell-off over the last week, but are we done going down, or will we see 64? Here are the levels we’re watching in the PivotBoss Trading Room.
The ES, NQ, and YM all backed off their recent highs, and Crude Oil continues to trade within the developing narrow range. A major breakout could be ahead for Crude, but look to avoid false breakouts before true directional conviction is seen. Here are the levels we’re watching in the PivotBoss Trading Room.
The ES reached the FOMC Key Level at 2791.75, which has been our target since July 2. The NQ also reached its FOMC Key Level at 7275, and now both markets are at recent highs, which could introduce resistance soon. Crude Oil continues to compress and may see significant expansion soon. Here are the levels we’re watching in the PivotBoss Trading Room.
