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.
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As we ring in the New Year, I’m grateful to be leaving behind a fantastic 2014 for PivotBoss and our following. I’m eager to ring in the New Year in BIG fashion, and I want you to be a part of it. If you join me for this journey over the next few weeks, and throughout 2015, I’m certain that you will step away a more confidence and savvy trader.
I’m excited to announce that I’ve been invited to speak to the Austin Association of Financial Traders (AAFT) meeting to kick off 2015! I’d love to see you there!
I wrote about the E-Mini NASDAQ 100 futures [CME: NQH15] two weeks ago in my PivotBoss Commentary and offered the following analysis: “NQ bulls may have their first real shot at defending a key level, as prices are quickly approaching the 4114.25 price.”
NQ bears failed to keep prices below 4184 (the previous week’s low price), which sparked an aggressive short squeeze into 4270. Bulls want to defend a pullback to 4184 for a shot at 4315.50 and 4440. Failure to hold above 4184 opens the door to another wave of weakness.