October 26, 2020 — MONDAY AM
The ES, NQ, and Gold continue to trade within narrow trading ranges, which are quantifiably narrow. While energy is building within these ranges, the ES and NQ are currently testing lower, and could be due to return to the previous month’s close price in the days ahead. Gold remains within a month-long trading range ahead of the looming election in the US. Crude Oil hit our downside target of 39.02 today, and could see a bit more downside before price snaps back to the sticky 40 level.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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