January 09, 2020 — THURSDAY AM
The ES and NQ finished the previous session with high-range days, which means we could see further range-bound action over the next day, or few days. Watch the prior pivot high in the ES, as any signs of rejection could lead to a retest of the recent low. Crude Oil is likely to trade mostly range-bound for a few days, but could be headed toward 52 down the road. Gold has pulled back to the PEMA trigger zone and could be a great buying opportunity.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss