The ES and NQ each pushed higher in the previous session, but faltered late in the day, which opens the door to potential weakness ahead. With opex on deck, we could see a bit of volatility throughout the session, so look to avoid the chop. Bitcoin is building out below the 6700 key level, which is the level to watch for a short squeeze soon. Here are the levels we’re watching in the PivotBoss Trading Room.
Aug 10, 2018 — FRIDAY AM: The ES and NQ each broke down from their respective 3-day ranges, but haven’t seen strong follow-through as of yet. Crude Oil remains near the highs of the session, but appears to consolidating near highs. Keep an eye on 67.41 for signs of failure. Here are the levels and candidates we focused on during the morning session of the PivotBoss Trading Room.
The ES, NQ, and YM are all developing withing narrow 3-day ranges, which will likely offer trading range behavior in the near term, and breakout potential over the next few days. Crude Oil is holding at clear support at 66.30, which is the pivot to watch today. Here are the levels we’re watching in the PivotBoss Trading Room.
The markets are mostly trading quietly ahead of today’s FOMC Statement and Fed Interest Rate Decision. Crude Oil is showing more signs of weakness after yesterday’s 2% drop, but will need below 67.50 to trigger the downside sell stops. Is this a buyable pullback in Bitcoin? Here are the levels we’re watching in the PivotBoss Trading Room.
In this video, you’ll find forward-looking analysis and trade recommendations for the E-Mini NASDAQ 100 futures contract that was conducted in our trading room. By the way, you’ll still be able to benefit from some of the swing analysis for the NQ. We also cover a wide variety of topics, including using our proprietary tools, like PivotBoss Pivots and PivotBoss Bands. We also cover Volume Profiling, Trading Wedges, Absorption Signatures, and more!
