November 05, 2020 — THURSDAY AM
MONTHLY OUTLOOK: Thank you for joining me for our November Monthly Outlook. We discuss the broader market futures, seasonality tendencies, and key ranges for many of the biggest stocks, including $AAPL, $TSLA, $NFLX, and more! In case you missed it, or want to watch it again, here’s the link: https://pivotboss.com/2020/11/05/pivotboss-monthly-outlook-november-04-2020-key-levels-for-aapl-tsla-and-more/
The ES and NQ continue to show strength, as each continues to push toward previous month’s highs. However, keep an eye on the upper end of the ranges here, as potential rejection could be seen ahead that could return price back within the current trading ranges. Crude Oil continues on a path to 40, and Gold may have seen the initial breakout from the 3-month downtrending channel, which could trigger 1-3 months of strength ahead if it can get through 1940 soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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