MARCH 10, 2021 — WEDNESDAY AM
The ES and NQ remain bullish after Tuesday’s strength, which could lead to another round of strength ahead today, especially if price can push through yHI and hold. Any failure to hold 12700 could lead to a return yMID at 12600. But as of right now, the market remains strong, even as the NQ tests the overhead bearish PEMA trigger zone. Crude Oil has developed a new key range, which will be important moving forward, and is again showing signs of strength coming out of the bullish PEMA trigger zone, which could lead to another buy-the-dip opportunity. Gold is currently bouncing, but may hit another wall of overhead resistance above.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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