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.
Hang out with PivotBoss as he provides his outlook for the futures market for the month of October! We’ll cover the E-Mini S&P 500, E-Mini NASDAQ 100, Crude Oil, and Gold!
Bears defended the 95 LVN with guns blazing and pushed price through CVPOC at 92.88, triggering sell stops into the 91.16 volume ledge, where bulls are attempting to defend and push price back to value at 92.88.
The current test of the 4000 level has held for three straight sessions, and is the current pivot that major players are focusing on. If buyers can continue to hold price above 4000, we could see serious expansion in October that sees price to 4200.
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Bears defended the 93.30 resistance level for two days, causing buy stops to build above it. The bulls ran these stops, using them as fuel to reach the upside expansion targets, which were derived from the pre-mkt range.