September 10, 2020 — THURSDAY AM
Yesterday’s low held in the ES and NQ, which appears to become strong enough to lead to the development of a key range after the impulse sell-off that recently occurred. For this scenario to play out, the ES must reach the midpoint of the recent sell-off at 3441.25, and the NQ must reach 11700.25. Once this occurs, we have ourselves a new key range to use into the end of the year. Crude needs to stay above 37, and Gold continues to build energy between 1900 and 2000.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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