MARCH 23, 2021 — TUESDAY AM
The ES and NQ have each pulled back from yesterday’s highs, with the ES returning back to yMID. Bulls needs to continue defend yMID for a shot at further strength today. Otherwise, a failure to hold this level opens up another round of weakness. Crude Oil is developing a 60min buy signal at the 59 LVN, which could lead to a bounce ahead. Gold has developed a 6-day narrow range, which is building energy for a 70-point breakout ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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