December 02, 2020 — WEDNESDAY AM
MONTLY OUTLOOK RECORDING: Thank you for joining me for our Monthly Outlook! Use the following link to watch the recording: https://www.youtube.com/watch?v=A4498Ype8t4
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The ES and NQ remain bullish, but continue to test mHI and mCL, which could still offer a definitive breakout/rejection soon. Overall, any pullback should continue to be considered a buying opportunity until proven otherwise. Crude Oil is attempting to keep 44 as a support, which could lead to a swing move higher over the next 1-3 days. Failure to hold 44 could return price to the sticky 40 level. Gold bears are defending the bearish PEMA trigger zone at a 1835, which could signal new lows ahead…unless bulls can keep 1800 bid.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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