February 25, 2020 — TUESDAY AM
The ES and NQ sold off heavily in the previous session, but is now trading higher from the overnight lows, leading to the early development of a bullish extreme reversal pattern. If the market can close higher today, we could see a solid 3-7 day rally ahead. Watch 3200 in the ES for signs of failure. Crude Oil continues to trade around the 51s, as swing bulls try to keep the zone bid. Gold remains bullish and could push higher if 1665 is taken out.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss