May 05, 2020 — TUESDAY AM
NOTE: Thank you very much for joining me for our Monthly Market Outlook webinar Monday afternoon, which we hosted in our PivotBoss Echofin Trading Room. To view the recording, log in to your FREE account at https://pivotboss.echofin.co and view the PivotBossTV video playlist. You can also visit https://pivotboss.com here: https://pivotboss.com/2020/05/04/pivotboss-monthly-outlook-may-04-2020-talking-shak-tdoc-and-ww/
The ES and NQ are bouncing out of the monthly pivot range and headed higher, which was part of the game plan yesterday morning for our first pre-market video of the week. Look for price to push higher toward last week’s highs over the course of the week, but watch the previous month’s close prices and FOMC key levels for early signs of failure. Crude Oil may see a sell-the-rip opportunity, and Gold remains within the trading range.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss