September 11, 2020 — FRIDAY AM
The ES and NQ each finished the previous session with failed new highs and closed below the the previous session’s midpoint, as well, which is typically bearish. Bears are keeping yMid offered so far today in the NQ, which may mean more downside may be seen ahead, perhaps into mLO. The key level to watch for Crude Oil is 37, and Gold is range-bound until we see “the breakout day”.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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