May 12, 2020 — TUESDAY 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 continue to hold near highs and could be headed higher still. All pullbacks are still buying opportunities, until proven otherwise. Crude Oil has developed a narrow 5-day trading range, which forecasts a potential breakout range of about 8.22 points within 5-7 days. We must await the breakout, however. Gold remains range-bound.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss