October 09, 2019 — WEDNESDAY 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 and NQ have had a bullish overnight move heading into RTH, but have now experienced a sharp top, which could lead to another turn down on both an intraday and swing basis. Failure to hold 2900 in the ES and 7600 in the NQ could lead to another major retest of recent lows. Gold and Crude Oil are both compressing ahead of potential expansion ahead. Gold has a two-month range that continues to develop, while CL is compressing over the last week. Each has a good shot to see expansion soon.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss