May 29, 2020 — FRIDAY AM
JUNE MARKET OUTLOOK: I want to invite you to join me for my Monthly Outlook webinar on Monday, June 1 @ 4:00pm CT. I’ll be hosting the event from our PivotBoss Echofin trading room. It’s free to register and join, and be sure to invite anyone you think may enjoy the webinar. Create your FREE account at https://pivotboss.echofin.co/login. (P.S. Your username will be the name that is displayed in the trading room). See you in the trading room!
The NQ and CL have each developed narrow 8-day trading ranges, which suggests expansion may be ahead. Given the current trend, an upside break is expected, but continue to watch for signs of failure just in case. Gold continues to remain within the trading range that has formed above key range highs, which makes it a candidate for failure if 1700 can’t hold.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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