October 17, 2019 — THURSDAY AM
The ES and NQ are trading near resistance after the recent rally. The NQ is now retesting a key FOMC key level from below, which is a level the market has not been able to hold above since July. Continue to watch this key level at 7973.50 for signs of acceptance or rejection. Crude Oil has developed a double inside day and could see expansion soon, while Gold remains trapped within the range.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss