March 23, 2020 — MONDAY AM
NOTE: I will be hosting a Monthly Market Outlook soon, with a time and date to be announced. I’ll let you know ASAP.
The Federal Reserve announced plans for “unlimited QE”, in addition to other items, in an attempt to fight coronavirus. The ES and NQ have rallied, as is Crude Oil and Gold. This looks like a solid bottom, that could lead to a great bounce, from both a short and long term perspective. Continue to watch the previous week’s low.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss