October 15, 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 is still trading within the previous session’s range for the second straight day, while the NQ is showing early signs of rejection the previous session’s high price, which could lead to more near-term weakness. Crude Oil seems to have formed a very strong rejection below yesterday’s low, which could lead to a quick rally back toward 55 soon, and perhaps above. Gold remains weak below 1525, and could see more of a pullback soon.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss