January 22, 2021 — FRIDAY AM
The ES, Crude Oil and Gold have each sold off in pre-market trading, as a deep shakeout phase has developed. After a shakeout occurs you tend to watch for signs of rejection. If a strong low develops in Gold or Crude Oil at these lows, we could see a move higher on a daily basis, and perhaps even on a swing basis. The NQ is trading an inside day and remains very bullish within the current trend. Any pullback remains a buying opportunity until proven otherwise.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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