July 24, 2020 — FRIDAY AM
The ES and NQ have pulled back from recent highs over the last few days, and could be offering a another buy-the-dip opportunity for the week ahead. If price can find a way to close positive today, we may be at the beginning of another move that takes us back toward recent highs, which could mean about 500-600 points of upside for the NQ, but it needs to stay above 10400. Crude Oil continues to coil up, and may be headed for expansion soon. I discuss the bear case scenario. Any pullback as deep as 1830 could offer a solid buying opportunity for a continuation to our 1957 target.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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