October 29, 2019 — TUESDAY AM
The ES and NQ rallied nicely the last two days and are now trading inside the previous session’s range ahead of Wednesday’s FOMC Statement and interest rate decision. Look for further range-bound action ahead of the event, but for volatility to increase shortly thereafter. Crude Oil is testing 55s, while Gold remains range-bound.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss