MARCH 11, 2021 — THURSDAY AM
The ES and NQ are holding at the highs of the overnight move, but are currently trading within very narrow 5-7 hour ranges at these highs, which could lead to a pullback this morning. Watch 3915 and 12925 for signs of a failure and a reversal. Crude Oil remains strong, but needs above 66s to make a move to retest the recent high of 67.98. Gold has bounced the last three days, but may see another sell-the-rip opportunity as price tests the bearish PEMA trigger zone.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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