April 13, 2020 — TUESDAY AM
The ES is currently trading within a developing narrow 3-day range and remains bullish overall. The NQ has broken through the top of the 4-day range and is approaching 8500. While the NQ remains bullish, watch for signs of a failed breakout from the narrow range, which happened recently. Watch for a rejection at the previous month’s low soon in Crude Oil, and watch 1700 in Gold for the next buy opportunity for a shot at 1831.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss