January 31, 2020 — FRIDAY AM
The ES and NQ fininshed Thursday’s trading with bullish outside days, which suggests more upside ahead. Pullbacks to the midpoints of yesterday’s session have been defended by bulls so far for a shot at higher highs through 3300 and 9250, respectively. Narrow ranges in the ES, NQ, and GC could lead to breakouts in either direction, but upside expansion is most likely. Crude Oil may still see lower lows, with a shot to fade 51.20 soon.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss