January 21, 2021 — THURSDAY AM
The ES and NQ continue to push to new highs ahead of the RTH open, as the NQ has now reached the 50% key range extension target at 13,369. Bulls continue to defend pullbacks, as the ES and NQ continue to march higher toward the next highest key range targets – 3976 and 14274. Crude Oil continues to trade within a developing narrow 8-day trading range, but remains very bullish. Gold has moved higher from the week’s low, and appears poised to reach 1881.70, and higher.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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