January 15, 2020 — WEDNESDAY AM
The ES, NQ, CL, and Gold have all developed narrow ranges over the last 3-5 sessions, which are building energy for the next breakout move. While a reversion to the mean trade may be seen ahead for the ES and NQ, all pullbacks will still be considered buying opportunities, until proven otherwise. Watch for expansion from the 3-day range in Crude, and 1565 is the key level to watch in Gold.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss