March 09, 2020 — MONDAY AM
The market reopened Sunday evening and immediately saw selling pressure, which pushed the market down 5%, thereby leading to a lock limit down. The futures are suspended, and will likely push much lower. Overall, we could see further selling pressure toward recent pivot lows of December 2018 soon. Crude Oil hit $27s, and could soon flush those $26 lows soon. Gold has pushed to 7-year highs and pushed through 1700, and could be headed higher.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss