February 27, 2020 — THURSDAY AM
The ES and NQ failed to develop a strong low in the previous session, which has led to new lows yet again. More downside could be seen ahead until a strong low can be found, which may then precede a rally back toward the midpoint of the impulse sell-off. Crude Oil has broken through significant support and the only support level below is 42.50. Gold remains bullish above 1600.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss