May 22, 2020 — FRIDAY 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 wiped out 3-day lows of the narrow ranges and have now bounced from lows, which could signal an upside breakout ahead. Crude Oil has mirrored the ES and NQ, but has a much more pronounced rejection, which suggests a move to 35 may be ahead, but it needs to stay above 32. Gold remains on a path lower within its trading range.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss