PivotBoss Hangout 02.02.15
Join Frank Ochoa, aka PivotBoss, as he provides his February market outlook for the E-Mini S&P 500, E-Mini NASDAQ 100, Crude Oil, and Gold! The session starts at 4:30pm CT.
Bears Defend 1248s in Gold
Bears defended the 1248 key level and successfully ran sell stops below 1215 en route to new multi-year lows. Watch 1184s for a retest.
Gold Moves 14 Points When Bulls Forced to Liquidate
Gold Bulls were defending 1222s, but when buyers were unable to gain traction above the previous week’s low of 1226s, they were forced to liquidate, which sparked a stellar 14-point move.
Premium Playbook Delivers 14 Points in Gold
Our Premium analysis has been on fire in October! And I’m pleased to say that I’ve received amazing feedback from Premium Members who have certainly taken advantage of this recent run. Which brings me to Gold, which had a fantastic sell-off through our key level and came within 3 ticks of our final target!
Gold Rallies 60 Points from Buy Zone
Gold reached our first target at 1224.50, after price rallied 60 handles from our 1184 buy zone in two short weeks. Bears want to defend 1248 for a shot at pushing price back below 1215s. Bulls will defend pullbacks into 1205-1215s for a shot at the next upside target at 1290.10, which is CVPOC.