October 08, 2019 — TUESDAY AM
NOTE: Thank you for joining me yesterday for the Monthly Outlook webinar for October! There’s a ton of great nuggets in this one, so be sure to watch the recording. Here’s the link to the recording: https://pivotboss.com/2019/10/02/pivotboss-monthly-outlook-october-01-2019-seasonal-tendencies-and-trade-ideas/
The ES, NQ, and CL each pulled back from key resistance levels we mentioned yesterday. Specifically, the ES rejected at 2960 and the NQ turned down off 7800, which could lead to more downside price discovery in the very near term. Crude Oil rejected off 54s and is now approaching recent lows. Meanwhile, Gold has developed a large trading range that is building energy for the next major breakout phase, which could be to the upside soon.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss