November 04, 2020 — WEDNESDAY AM
NOTE: I will be hosting our Monthly Outlook today 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 rallied off the overnight lows and are now testing overnight highs at/near the previous week’s high prices, which are important key levels to watch. The NQ is testing the 11700 wHI, which is the level to watch early in the day for further directional conviction. A failure here opens up a return to wMid back to 11325. Overall, the market remains within an upward flow, unless they fail to hold wMids. Crude Oil remains on a path to 40, especially if it can continue to hold above 38.41, and Gold is developing an early FNL and a buy signal that could trigger strength the rest of the month, and into the end of the year.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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