Market Daily Review

Based on trading day finished on Oct 2, 2020

 /ES High: 3375.5; L 3300.25

At monthly level, ES was located at overbought range, at intraday level ES is looking to enter oversold range, looking for long position in next trading day.

/NQ High:11604.75, L 11204.5

On last Friday, the new of President Donald Trump tested positive of Covid 19 sent market freefall , NQ dropped almost 300 points within 10 minutes,  it ended at oversold range in intraday chart, at monthly level however, NQ is located at overbought range. Looking for slight recovery on next trading session, if there is no negative news .

/GC High 1923.6, L 1895.2

GC had bit recovery over last week of trading session, but retract back to oversold range.  At monthly level, GC is also at oversold range.  It may take some time for GC price to reach the highest point, it may consolidate at current level.

/RTY High 1542.2, L: 1490.7

Unlike above, RTY has bullish skew, despite NQ and ES bearish skew on intraday base. RTY shows strong bullish trend at last week trading, will be interested to see how the trend goes next week.