January 04, 2021 — MONDAY AM
The ES, NQ, and CL each closed 2020 at/near the highs of the year. Keep an eye on the quarterly pivots early this month for directional bias. Given recent strength, an early pullback could offer another buying opportunity…until proven otherwise. Watch 49 in Crude Oil today. Gold is in full price discovery mode today and is approaching our target zone above of 1960-1980. However, if GC can’t stay above 1980, we may see another round of selling pressure ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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