July 17, 2020 — FRIDAY AM
The ES is developing another narrow 3-day range at the same prices as the one from the second week of June, which eventually led to a major breakout the following sesion. This 3-day range is building the energy for the next key move, but direction is still up in the air. A false breakout in one direction could lead to a breakout in the opposite direction, so keep this in mind. Crude Oil is also within a narrow 3-day range, while Gold remains within a week long narrow range above the 1800 level. It’s clear the market is building up for a move, so be en guard.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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