April 20, 2020 — MONDAY AM
The ES is currently trading below Friday’s low, which is a good spot to watch for a bear trap and squeeze on an intraday basis. The NQ is approaching yLO, as well, which is a zone to watch for rejection. Crude Oil has sold off significantly in overnight trading, and appears poised to fill the rollover gap at 19.75. Gold is beginning to bounce off 1700 and could be headed to our next target of 1831.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss