September 02, 2020 — WEDNESDAY AM
NOTE: I will be hosting the PivotBoss Monthly Market Outlook today, September 2, at 4PM CT. This is a free event that is open to everyone. Please use the following Zoom webinar link to join: https://zoom.us/j/91519637662.
The ES and NQ are currently trading above the previous month’s high and remain very bullish. While the market remains extremely strong, I’m beginning to watch for signs of rejection at highs, which could lead to a pullback of some magnitude. Until proven otherwise, however, pullbacks remain buying opportunities. Crude Oil remains within an ever-compressing range, but a breakout may be coming soon. Gold has formed a 60-minute H&S with great key levels at 1960 and 1980.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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