June 19, 2020 — FRIDAY AM
The ES and NQ continue to trend higher after yesterday’s failed new low rejections, which could lead to more short term strength ahead as long as the ES remains above 3120 and the NQ above 10040. Crude Oil has broken the 3-day range to the upside, which forecasts a potential 5-handle move to come. Gold remains stuck in the mud, but the 3-month range suggests potential expansion of about 200-250 points down the road.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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