February 9, 2021 — TUESDAY AM
The ES and NQ finished the previous session with very narrow ranges, which opens the door to potentially bullish FNL opportunities today. Any push through yLO could offer a bear trap for a bullish reversal the rest of the day. Failure to hold wCL by the end of the day could lead to a broader pullback, so watch this level closely this week. Crude Oil has reached our upside target zone after the major breakout from the 15-day range, and could be due for another narrow range soon. Any pullback as deep as 56 could still offer a buy opportunity ahead. Gold hit our 1848 target, and may still have more upside ahead to 1880. Watch mCL for directional bias today.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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