September 18, 2020 — FRIDAY AM
The ES is at the bottom of the current uptrending channel, which has been in effect since the March lows. Bulls need to keep 3300 bid for a shot at taking out buy stops above 3400, which could trigger a move back to 3600, or even as high as 3900. The same goes for the NQ, with buy stops above 11,500. Crude Oil has fulfilled our breakout move, but one last move higher may be seen. Gold remains range-bound, but is building energy for a huge move to come.
Have a great weekend!
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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