January 16, 2020 — THURSDAY AM
The ES and NQ continue to hold near highs, and continue to show compression on the ADR indicator, which suggests expansion down the road. Crude Oil is holding within a narrow 3-day range, which could lead to a nice breakout soon. Continue to watch 1565-75, as any failure to reestablish acceptance above this zone could lead to a pullback as deep as 1440.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss