August 21, 2020 — FRIDAY AM
The ES and Crude Oil have both traded within very narrow 10-day ranges, and may continue to remain within these developing ranges until they’re good and ready for expansion. But when the day for expansion comes, it will be fast and the points will be big. We must avoid getting chopped up in the range, and look to fade the edges while being patient for the breakout. Gold has rejected 2-day lows and could be ready for a move higher soon. If the NQ holds 11400 today, we could see a return to new highs.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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