NOTE: I will be hosting a Monthly Market Outlook soon, with a time and date to be announced. I’ll let you know ASAP.
March 25, 2020 — WEDNESDAY AM
The ES has reached our short term target of 2500, and 7700 in the NQ, and is now beginning to show signs of weakness. Is this is a sell the rip opportunity? Given the current market trend, selling the bearish PEMA trigger zone is a good idea. Crude Oil appears ready for another breakout move, and Gold has a new key range.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss