December 11, 2019 — WEDNESDAY AM
The ES, NQ, CL, and GC are each trading inside days and narrow ranges ahead of this afternoon’s FOMC Statement and Interest Rate Decision. This event will give us another key level to use in our analysis and trading. Look for the ES and NQ to remain bullish, until proven otherwise. Crude has developed a very narrow range to watch for a breakout soon. Gold is going nowhere fast, and will remain within the range until it’s ready for expansion.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss: http://pivotboss.com/secrets-of-a-pivot-boss/