May 28, 2020 — THURSDAY AM
The ES has formed a box at the previous session’s highs, which is something to watch in case of a failure. Below 3025 opens up downside into 3000. The NQ has sucked in traders in both directions and is now chopping around the apex of the range at 9400…a big breakout move is coming — watch 9500 up, and 9300 down. Crude Oil appears poised for more strength if it can stay above 32. Gold remains stuck in the range.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss
Trading Room: https://pivotboss.echofin.co