NOTE: This will be the last pre-market video until next Tuesday, September 8, 2020, as the US observes Labor Day on Monday. Enjoy the long weekend!
The ES and NQ endured heavy selling pressure yesterday and are currently holding near the lows of the previous day’s range. We discuss the key levels to watch for signs of failed acceptance, including 3500-3505 for the ES and 12000-12050 for the NQ, and we also keep an eye on the previous month’s midpoint at 3490 and 11500, which could open the door to last month’s lows. Bulls need to keep 41s bid for Crude Oil, and Gold may be headed to 1900.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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