March 10, 2020 — TUESDAY AM
The ES and NQ have bounced back after Monday’s steep decline, but will the bounce last? This bounce could offer bears another opportunity to sell, especially if the ES cannot reestablish above the 2900 level soon. Crude Oil has bounced back big, as well, and is likely headed to the midpoint of the recent sell-off, which is 38 evens. Gold remains bullish, but and could see antoher buy-the-dip opportunity out of the bullish PEMA trigger zone.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss