December 01, 2020 — TUESDAY AM
MONTLY OUTLOOK: I’ll be hosting the PivotBoss Monthly Outlook today, 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, NQ, and CL each closed last month near the month’s highs after very bullish moves from the lows of the month. This can tend to lead to rejections early in the month, followed by a return to the monthly pivot range below. Watch these zones closely early today, as any rejection or breakout could lead to big movement early this movement. Gold has bounced off 1770 and may be headed 100 handles higher to the 1870s. Bulls need to key 1790 bid for further strength ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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