February 19, 2020 — WEDNESDAY AM
The ES and NQ have developed narrow 6-day ranges, which are buiding energy for an eventual breakout. While a downside break could occur, any pullback is still considered a buying opportunity until proven otherwise. Crude Oil remains bullish and is now testing 53s for the first time since January. More upside to 57s is likely as long as price can remain above 51. Gold pushed through 1600 and continues to hold above this important key level.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss