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.
Analyzes the aftermath of a large buy imbalance that fails to gain traction near the highs of the session, which is created buy aggressive buyers who become forced to liquidate.
The S&P 500 has rallied back to the edge of rejection after a strong 5-day reversal from 1803. Will the market continue to see rejection above 1868, or will we finally see 1900? 1876 will be the key.