September 25, 2020 — FRIDAY AM
The ES and NQ are both trading at or below their previous month’s low prices. Will more downside be seen ahead? A strong low still needs to develop before a bounce can be seen. Watch for a potential FNH that could trigger more selling pressure. Crude Oil is developing another narrow 4-day range, which could lead to the next big breakout opportunity. Gold is still below the key range low and remains within the ideal buy zone should a strong rejection occur.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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