July 20, 2020 — MONDAY AM
The markets have developed narrow trading ranges across the board, including the ES, NQ, CL, and GC. Overall, these ranges reveal a pause in the action, but also are energy-building patterns that could fuel the next important move. Given the overall trend of the market, upside breaks are the most likely scenario, but we will continue to watch both sides of the range for violations. Continue to watch the ES at the key range high, which will be the most important key level to watch early on.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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