August 31, 2020 — MONDAY AM
The ES and NQ are currently trading at the highs of the month, and any pullback heading into September could still be a buying opportunity…until proven otherwise. A failure to hold 3390 could open up more weakness next month, however. Gold and Crude Oil remain within developing trading range and continue to compress as they build energy ahead of the next move. Look to avoid the chop in Crude Oil, and fade the edges until expansion occurs.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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