October 24, 2019 — THURSDAY AM
The ES and NQ are trading higher today after yday’s strong finish. While the intraday chart suggests trading range action today, the swing bias remains up. Both remain range-bound ahead of next week’s FOMC Meeting, which is also the case for Gold. Crude Oil got a big breakout through 55 yesterday, and could see a retest of 54.85-55 on early weakness, which could also provide a buying opportunity on a swing basis.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss