June 16, 2020 — TUESDAY AM
The ES and NQ finished the previous session with strong rejection days, and the strength has extended into Tuesday’s trading. Look for these markets to continue higher toward last week’s FOMC Key levels – 3196.50 for ES and 100054.75 for NQ. Crude Oil also remains on a path to retest recent highs, if not exceed those highs. Needs to stay above 37.50, as a rejection here could still occur. Gold remains range-bound – look to fade the edges.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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