Frank Ochoa, AKA PivotBoss, is an 18-year trading veteran and author of the book Secrets of a PivotBoss. Frank actively trades via Ochoa Capital Management, LLC and has spent 15 years developing and deploying automated trading systems for private and institutional clients, while establishing an impressive reputation as a reliable market forecaster and as an elite educator.
Gold bears are defending CVPOC at 1282, but could be at risk of being squeezed. Additionally, a key compression pattern suggests we could see expansion soon.
Join Frank Ochoa, aka PivotBoss, as he provides his February market outlook for the E-Mini S&P 500, E-Mini NASDAQ 100, Crude Oil, and Gold! The session starts at 4:30pm CT.
Crude Oil had a huge day Friday, boasting a 4-point trading range and even had some after hours fireworks. Here’s a look at what happened to cause the rally into 48, in addition to a look at the footprint and VPOC cues that helped identify late-day weakness.
The Resource Library has launched with our PivotBoss MarketDelta chart definitions and quote pages, which include all of the powerful PivotBoss tools and indicators that you’re accustomed to seeing in our analysis, like our ADR Method targets and statistics.
NQ bulls defended prices below MCVAL yet again, which sparked a significant late-day reversal back toward 4200. Bulls will be looking to defend a pullback to 4158 for a shot at 4212 and 4270s. Bears will be looking to defend prices above 4212 for shot at taking MCVPOC offered thru 4158 and into 4080 and lower.