May 27, 2020 — WEDNESDAY 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 remains above the previous month’s and week’s high prices, and continues to remain strong at the moment. But watch for potential resistance in the 3030 zone from a long term perspective. The NQ developed a rejection day in the previous session and is currently honoring the midpoint of the day, which is the key level to watch. Crude Oil may see a pullback ahead, and Gold remains in the range.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss