April 15, 2020 — WEDNESDAY AM
The ES and NQ have faded back into their previous session’s ranges, and could be headed much lower, as a full on bearish trend day may be developing. Crude Oil is consolidating below 20 and below the previous session’s low, which could lead to a major squeeze opportunity if price can reclaim 20. Gold may be forming a short term higher low at 1740, and may bounce toward 1800.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss