November 08, 2019 — FRIDAY AM
The ES and NQ are trading inside their previous session’s range, and are now trading within narrow 5-day ranges, which could lead to another breakout ahead — likely to the upside. Any pullback into the PEMA trigger zone could offer another buying opportunity. If Crude Oil cannot get above 58 soon, we could see another major drop ahead, especially given seasonality. Gold is now testing a major CLVN in the 1460s. This is a significant level that bulls must defend. Will Gold bounce?
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss