November 14, 2019 — THURSDAY AM
The ES, NQ, and CL continue to develop within 9-day ranges, which are narrow compared to average price action, thereby suggesting a major breakout could be ahead. I’ve quantified these ranges in the video, along with expected price range once expansion occurs. The markets may continue to develop within the range ahead of Day 2 of Fed Chair Powell testimony. Gold continues to find a bottom and is now testing a key zone that bears want to defend.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss