MARKET OUTLOOK RECORDING: In the September edition of the Monthly Outlook, we discuss bull traps and seasonality. Will Wednesday’s rally be an opportunity for bears to trap the bulls? We discuss what to look for in case of another bull trap ahead. We also talk seasonality for the ES, NQ, Crude Oil, and especially Nat Gas. We also talk stocks, including $CROX, $TSLA, and more! Recording link: https://www.youtube.com/watch?v=mpCzeisyxqI
The ES and NQ are showing early signs of rejection at yHI, which could lead to weakness back to yMID, and perhaps even become a bearish outside day in the most bearish case scenario. With Fed Chair Powell on deck, we could see increased volatility today. Crude Oil broke significant support at 86, which could open up 75 ahead. BTC is barely hanging on to 18k, but a break could be ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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