August 07, 2020 — FRIDAY AM
MONTHLY OUTLOOK: I’ll be hosting my Monthly Market Outlook for the month of August on Monday, Aug 10 at 4pm CT. It’s free to attend, and I would love to see you there! The outlook will be livestreamed in the #PivotBossCommunity room at https://pivotboss.echofin.co. See you Monday!
The ES and NQ are developing bearish sell signals in the 60min charts, which could put pressure on the previous session’s midpoints. If these midpoints give out, it could be come a bearish outside day. However, this market has been very resilient, so any pullback could be very short-lived ahead of the next rally. Crude Oil has reached previous key range targets, and now another important key range may be developing. Gold remains extremely bullish, and now targets 2211.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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