October 23, 2020 — THURSDAY AM
While the ES developed a strong FNL during Thursday’s session and is now above key resistance at 3460, the NQ remains firmly within its developing 4-day trading range, which now spans from 11500 to 11800. With the US election looming, perhaps the NQ continues to remain range-bound. Keep an eye on 3460 in the ES…above this level continues to squeeze toward 3500. Gold and Crude Oil remain range-bound, but continue to build significant energy for a move to come.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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