October 09, 2020 — FRIDAY AM
NOTE: This will be my final pre-market video until next Wednesday, October 14, 2020, as I will be out of the office Monday and Tuesday. See you soon!
The ES remains very bullish, but is now testing key levels above 3450 for the first time since the September sell-off, and any rejection above these levels could easily lead to a return into yesterday’s range. Watch 3445 as the early pivot for the day. The NQ continues to test the very important 11600 key level and remains within a developing narrow multi-day range, which means a significant move is coming soon. Crude Oil needs to hold 40.55 for bulls to keep control, and Gold remains trapped within the 1874 and 1926 range. Eventually, a 100+ point move could be seen once a breakout occurs.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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