PivotBoss Hangout 10.02.15
Join Frank Ochoa, aka PivotBoss, as he provides his October market outlook for the E-Mini S&P 500, E-Mini NASDAQ 100, Crude Oil, and Gold markets! The session starts at 3:00pm Central on Friday, October 2, 2015.
Pre-Mkt Report 08.21.15
The NQ has reached critical support at 4330, which bulls are attempting to defend for a swing move back to 4508.75. Failure to hold this level opens the door to a return to 3998.50. The ES may be developing a new key range from 2008.75 to 2103.75, which implies a potential bounce to 2056.25 soon, unless it fails to close above 2021.50.
Premium ES 08.11.15
ES bulls defended prices near MCVAL yet again, which sparked another short squeeze into 2100. Look for another test of MCVAH at 2107.25, where bears will once again look to defend for another wave of weakness within the trading range.
Premium Analysis EOD 07.21.15
From July 09, 2015: “Bears continue to have the upper hand and are currently offering the previous week’s close of 1163.50 for a shot at breaking support through 1145, with targets at 1131.40 and 1119.50.” Gold finally reached our downside targets in one fell swoop, and bottomed out at the 1080 level. The recent impulse move from 1205.70 to 1080 could be the beginning development of a new key range. Bulls want to defend a pullback to 1186.50 for a shot at returning price to between 1142.80 to 1145.
Premium ES 07.21.15
The ES finally reached the top-end of our target zone today, which spans from 2118.50 to 2126, which suggests profit-taking and new short positions are currently taking place. Failure to hold above 2118.50 will imply a likely move back to value at 2087.25, with a shot to see 2055.25 again. Keep in mind, we still may see a move into 2130s before a high is found and a reversal occurs.