February 5, 2021 — FRIDAY AM
The ES and NQ have both reached the upside targets that we offered to begin the week, as each has made it back to wHI/mHI. The trend remains bullish, with a likely continuation toward the next upside target of 3976 for the ES in the weeks ahead. Any pullback could still offer buying opportunities until proven otherwise. Crude Oil continues to see new highs after breaking out from the narrow 15-day range, and has a bit more upside until it reaches its upside target. Meanwhile, Gold remains quite bearish after reaching 1800 yesterday, and could be headed to 1766 soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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