May 07, 2020 — THURSDAY AM
NOTE: Thank you very much for joining me for our Monthly Market Outlook webinar, which we hosted FREE in our PivotBoss Echofin Trading Room. To view the recording, log in to our trading room 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 each rejected the previous session’s close prices in strong fashion in afterhours trading. The ES also rejected the previous day’s low, which sets up a bullish outside day for today, with a potential upside target of 2949.50. The previous month’s close price will be important today for the ES. Watch 25 in July Crude, and 1700 in Gold.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss