January 08, 2020 — WEDNESDAY AM
The ES and NQ sold off tremendously in after-hours trading, while CL and Gold rallied in kind. However, after the headline risk had wore off, each market had dramatically turned by pre-market trading, leaving behind significant rejections. The ES and NQ have formed bullish tails, while CL and Gold have developed bearish tails. Each tail is significant in size, which could pave the way for the next 3-5 day moves ahead.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss