MARCH 22, 2021 — MONDAY AM
The ES and NQ have each sold off after the FOMC day last week, which means any bounce into it could be sold for another round of weakness. Crude Oil has seen its biggest overall pullback since October, and could be ready to bounce. This move could return to price to 65, and then 68. Gold has seen a solid bounce from the 1670 lows, but needs above 1770 in order to proceed much higher. Failure to get above this level could lead to another round of selling pressure ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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