November 18, 2019 — MONDAY AM
The ES, NQ, YM are each showing early signs of rejections on an intraday basis and in the daily chart, which means we could see near-term selling pressure today and perhaps over the next day or two. Crude Oil finally reached the Sep FOMC key level, but is now rejecting this zone and the 58s in general, which could lead to more downside. Is Gold forming a higher low? If so, 1500 could be ahead.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss