November 21, 2019 — THURSDAY AM
The ES and NQ have bounced out of the bullish PEMA trigger zone after testing the zone the last two sessions. Will this bounce lead to a continuation to retest all-time highs, or perhaps surpass those highs? All indications point to yes, but we’re watching certain key levels for signs of failure. Crude Oil remains bullish, and could see a retest of 58s soon. Gold needs above 1480 to squeeze, and could fail below 1465.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss