June 15, 2020 — MONDAY AM
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The ES and NQ have bounced from overnight lows and are currently attempting to reestablish acceptance back above the previous session’s and week’s low prices. If successful, we could see a return to the bottom of the weekly pivot range at 3050 in the ES and 9695 in the NQ. Crude Oil is inside the bullish PEMA trigger zone and is building energy for another move. Gold appears to have rejected the top of its trading range and could be headed back toward 1680 this week.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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