February 05, 2020 — WEDNESDAY AM
The ES is approaching previous highs, which will be an important key range test ahead. Rejection is always a possibility, so watch for signs of failure should the ES push to new all-time highs. Crude Oil is trading below previous month’s lows with a 3-day range, which could offer a nice breakout move soon. Gold has broken below the bottom of the pivot range, which suggests weakness back toward the previous month’s low.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss