September 01, 2020 — TUESDAY AM
NOTE: I will be hosting the PivotBoss Monthly Market Outlook tomorrow, September 2, at 4PM CT. This is a free event that is open to everyone. I will send out a Zoom webinar link tomorrow for attendees. Looking forward to seeing you tomorrow!
The ES and NQ remain extremely bullish, and pullbacks remain buying opportunities. A pullback into the monthly pivot range could offer another bounce opportunity to new highs. Crude Oil remains within an extremely narrow trading range, and is currently averaging just 1 point per day in average daily range, which is incredibly narrow. Best to avoid the chop until directional conviction presents itself. Gold had a narrow trading range in the previous session and could be due for a high range day today.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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