October 28, 2019 — MONDAY AM
The ES and NQ are trading above previous month’s highs and currently at new all-time highs. While the market remains strong, watch 3020 and 8000 for early signs of failure. Expect the market’s range and volatility to shrink some heading into Wednesday’s FOMC Statement and interest rate decision. Crude Oil remains bullish, while Gold remains range-bound.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss