July 07, 2020 — TUESDAY AM
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The ES and NQ are showing rounded bottoms in the intraday timeframe, which could suggest strength to come later today. The ES needs to reclaim 3156s in order to really get going to the upside, while the NQ needs back above 10580-600. Crude Oil failed new low may be developing, which could boost price higher in the days to come. Gold is coiling up over the last week and looking for a breakout ahead, likely to the upside. Above 1800 opens up 1831.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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