October 28, 2020 — WEDNESDAY AM
The ES, NQ, CL and Gold are each seeing heavy selling pressure heading into the RTH Open. The ES and NQ each developed Inside Days in the previous session, which built the energy for a breakout today, which is clearly to the downside, with clear air below into the next support zones of 3300 and 11200, respectively. Crude Oil looks to be headed to 36.50-37.00, while Gold is testing important support in the 1870s.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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