June 01, 2020 — MONDAY 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 ES, NQ, and CL are each sitting right at the previous month’s high and close prices, which are at the highs of the last month’s range. This will typically lead to early weakness into the monthly pivot range, followed by a potential buy-the-dip opportunity. Any pullback could offer a nice push higher later in the month, as long as the previous month’s midpoint holds. Gold remains range-bound, with a key level at 1675 that remains very important.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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