November 30, 2020 — MONDAY AM
MONTLY OUTLOOK: I’ll be hosting the PivotBoss Monthly Outlook Tuesday, December 1, 2020 at 4pm CT. Please join me for this FREE webinar event. I’ll discuss the futures markets heading into the end of the year, and will also discuss stocks of interest. Please use the following ZOOM link: https://zoom.us/j/97531108068
The ES continues to hold above the 3600 level and above the 3587 key level, which are the main levels to watch this week for signs of acceptance/rejection. Failure to hold these levels could return price to 3400, while acceptance opens up the key range targets above.. The NQ remains bullish and is now testing prices above 12,200, which have been rejection since August. Watch 12,200 for signs of acceptance/rejection this week. Crude Oil remains above 44, and could be transitioning to higher market structure between 45 and 55. Gold is still headed lower, but a rejection could lead to a 100-point bounce.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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