July 02, 2020 — THURSDAY AM
NOTE: Thank you very much for attending the PivotBoss Monthly Outlook for July! Here’s the recording link: https://pivotboss.com/2020/07/01/pivotboss-monthly-outlook-july-01-2020-90-minutes-of-charts/
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The NFP Report pushed the market higher during pre-market trading, but the ES is now approaching significant overhead resistance at 3150. The market is likely to continue trending higher into the extended holiday weekend, but watch for signs of profit-taking just in case. Crude Oil is coiling up on a 10-20 day basis and will likely lead to a major breakout soon. Gold bulls need to keep price above 1750 for a shot at 1831 soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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