November 03, 2020 — TUESDAY AM
NOTE: I will be hosting our Monthly Outlook for November Wed, Nov 4, 2020 at 4pm CT. This event is free and open to the public. We’ll discuss the broader market heading into the end of the year, and will also look at various stocks that you’ll want on your watchlist in the weeks and months ahead. Please use the following link to join the Zoom Webinar: https://zoom.us/j/91668905393
The ES and NQ are pushing higher in pre-market trading, and need to continue to hold above 3320 and 11100, respectively, in order to remain strong today. The ES may be headed to mMid at 3383 if it can continue to hold above 3320 today. Crude Oil developed a very strong low in the previous session and is approaching mMid at 38.41. Above this level opens up a move to the sticky 40 level. Gold is back above 1900, with a shot to test 1940 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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