March 15, 2020 — SUNDAY PM
NOTE: I will be out of the office Monday – Wednesday of this week, so this will be the last pre-market video until I return Thursday.
The Federal Reserve slashed interest rates by a full percentage point Sunday evening, lowering its target for the federal funds rate to nearly 0%. The ES and NQ sold off after Sunday evening trading commenced, and are already lock limit down ahead of Monday’s trading. The ES and NQ are likely headed much lower, and could be headed to key range targets mentioned in the video. Watch 30 closely in the Crude Oil, and if Gold can stay above 1500, we may see another big move higher toward 1700, or perhaps even higher.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss