JULY 27, 2020 — MONDAY AM
Fed week is upon us. This Wednesday we’ll get another FOMC key level, which we will then use for analysis and trade ideas. The ES and NQ remain bullish overall, and are currently bouncing from last week’s lows. A failure to push through 3231.25 may be an issue for bulls moving forward, so watch this level closely. Crude Oil remains sideways, but continues to hold near highs. Gold has exploded higher, and has nearly reached our 1957.7 target.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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