February 26, 2021 — FRIDAY AM
NOTE: Please join us for the Monthly Market Outlook for the month of March next Monday, March 1 at 4PM CT. This is a FREE event for everyone, and we’ll discuss futures, stocks, and also take your requests. Please use the following ZOOM link to join: https://zoom.us/j/91647280567
The ES and NQ are showing early signs of rejection at the previous session’s lows, complete with rounded bottoms in the intraday timeframe, which suggests near-term strength back toward yMID this morning. However, any morning strength could be seen with weakness later in the day given Thursday’s meltdown and bearish outside days. This could provide a weak start to the new month of March next week. Crude Oil remains on a path to 65s, but could see significant rejection soon. Gold is testing the major 1760 support level, and could be headed much lower if it can’t find rejection soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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