January 13, 2020 — Monday AM
The ES and NQ are both at cycle highs within their respective uptrends, and have developed narrow 3-day ranges that could lead to the next breakout move. While a pullback could be seen in the near term, all dips remain buying opportunities. Crude Oil remains range-bound after last week’s rejection of 65s. More downside is likely ahead for Crude, and Gold may be headed higher still.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss