April 03, 2020 — FRIDAY AM
The ES and NQ continue to trade within developing 8-day ranges that are compressed and building energy for the upcoming breakout. While we may see another move higher within the range on an intraday basis, a breakout in either direction could be seen next week, perhaps beginning Sunday night. Crude Oil is blasting off and has reached the key range high at 28.48, but could be headed into the 30s if it can get above this zone. Gold remains quiet, but bullish.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss