October 05, 2020 — MONDAY AM
NOTE: Thank you for joining me for our Monthly Outlook on October 1! We covered a ton of charts, including $ZM,$TSLA, and more! Here’s the recording link to rewatch the event: https://www.youtube.com/watch?v=fUtWEKTu91Q
The ES and NQ are both trading in very narrow ranges ahead of the RTH open, with the NQ taking on a more bearish stance after Friday’s selling. If the NQ cannot get back above 11400 soon, we may see an 800-point drop to 10600. Crude Oil is strong today, but watch yHI for early signs of rejection. Gold is developing a FNL (failed new low) and could be headed much higher if it can get above 1926 soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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