October 15, 2020 — THURSDAY AM
The ES and NQ have both pulled back to their respective 8PEMAs in the daily timeframe, which is what we were looking for early Wednesday after the recent Tuesday cycle high. Now that the markets have pulled back, we must now look for signs of rejection at lows, as this could lead to the next buy-the-dip opportunity on a swing basis ahead. Crude Oil remains stuck to 40, and Gold bulls need to keep 1870 bid.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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