May 11, 2020 — MONDAY 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 have rejected the previous week’s high and close prices, which has triggered selling pressure heading into the RTH Open. While pullbacks have occurred since the March low, they have rarely gotten to be over 2 days long, so any pullback may still be a buying opportunity on a swing basis. Crude Oil and Gold remain within clear narrow trading ranges, which are building energy for expansion soon.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss