September 14, 2020 — MONDAY AM
The ES, NQ, Crude Oil, and Gold each remain range-bound after recent price action and ahead of this week’s FOMC Statement and Rate Decision. Wednesday will give us another FOMC Key Level to use in our analysis and trading in the days and weeks ahead. Given recent weakness, perhaps the ES and NQ still need to reach mLO. Failure to reestablish acceptance above mMid will open the door to new lows.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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