January 28, 2021 — THURSDAY AM
The ES, NQ, and YM are each developing extreme reversal buy signals in the daily timeframe, and are developing outside reversal buy signals in the 60min charts, which suggests more upside ahead today and perhaps over the next 1-2 weeks. The ES needs above 3777.50 to extend gains today. Crude Oil continues to trade within the developing narrow range, which has 6 points of energy to release. Above 53.50 begins to open up clear air above. Gold bulls need above 1874, otherwise below 1840 leads to another flush.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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