December 02, 2019 — MONDAY AM
The ES is showing early signs of rejection at the previous month’s high price, which is also close to the previous month’s close price. When both of these prices are close to each other after a big month, a rejection tends to return price to the previous month’s midpoint. Will this happen to the ES and NQ? Continue to watch for signs of rejection. Crude Oil is on the verge of another move, but will it be within the channel? Gold has a very narrow range over the last 10+ days…a major breakout is coming.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss