November 20, 2019 — WEDNESDAY AM
The ES and NQ have remained very strong since the October lows, and have not had two consecutive down days in a row during this period of time. After yesterday’s down day, perhaps today’s dip becomes a buyable opportunity for another push higher. Additionally, the 8-period PEMA continues to provide support. Crude Oil is finally seeing a bounce off the lower boundary of the channel we’ve been watching. Can Gold get through 1480?
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss