December 10, 2020 — THURSDAY AM
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The ES and NQ sold off in the previous session and are now trading at or below the previous session’s lows, which could trigger additional selling pressure ahead today. A failure to hold wMid opens the door to wLO for both the ES and NQ. The overall trend remains bullish, but the market must find a strong low before a potential buy the dip opportunity develops. Crude Oil remains within a 10-day narrow range, and Gold may be developing a higher low off 1825.
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Frank Ochoa
Author, Secrets of a Pivot Boss
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