January 14, 2021 — THURSDAY AM
The ES continues to trade within a narrow 5-day trading range, and continues to build energy for the upcoming move. Any selling pressure should continue to be considered a buying opportunity until proven otherwise. The same goes for the NQ. Crude Oil remains bullish, and any pullback as deep as 50 could be a great swing buying opportunity to 55 and higher. Gold is still holding yday’s strong low, and could still make a run for 1889 to complete the key range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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