September 21, 2020 — MONDAY AM
The ES and NQ are both testing previous month’s lows, and are also at, or just below, previous week’s lows, whch are both important pivots to watch early in the week. A rejection of these prices could lead to a bounce back toward last week’s midpoint, or even the previous week’s high price. However, failure to reject these prices could open major selling pressure ahead. Crude Oil has pulled back from highs, but watch wMid for a bounce. Gold is pushing lower, but still has support below in the 1910 zone.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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