April 21, 2020 — TUESDAY AM
The ES and NQ are enduring a short term pullback, and are now entering bullish PEMA trigger zones. Will this pullback offer another buy opportunity, or will a continuation lower be seen? While May Crude Oil went negative yesterday, and remains negative today, June Crude Oil dropped around 50% in overnight trading, getting a low of 11.79. Watch 15 for signs of short term support, otherwise, a break could turn things even more bearish. Gold failing to hold 1700…continue to watch for signs of failure/rejection here.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss: http://pivotboss.com/secrets-of-a-pivot-boss/