December 16, 2019 — MONDAY AM
The ES and NQ continue to push higher after the early pullback to begin the month of December. New highs continue to be seen, as the markets continue to trend higher. Failure to hold above the November high would suggest failure. Until then, look for continued near-term strength. Crude Oil remains bullish, and could be headed to 62 ahead. Gold remains range-bound, as it builds energy ahead of the next breakout.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss