October 27, 2020 — TUESDAY AM
The ES and NQ each had 170% of ADR days Monday, while the YM had a day that was over 200% of ADR, which suggests more volatility could be ahead. Given selling pressure and the current morning strength, could another wave of weakness be ahead? If the NQ cannot get above 11600, we could see more downside pressure soon. Gold remains range-bound, so look to avoid the chop.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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