December 21, 2020 — MONDAY AM
The ES, NQ, and CL have each sold off heavily in overnight and pre-market trading. However, each has turned higher off the pre-market lows, with 60min buy signals in both the ES and NQ. Higher lows are now beginning to develop at 3630 and 12550, which could lead to a move higher over the next few hours. These strong lows could lead to strength on a swing basis, too. Crude Oil bulls need to keep prices above 46, and Gold bulls need to keep prices bid at 1875.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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