APRIL 9, 2021 — FRIDAY AM
MONTHLY OUTLOOK RECORDING: Thank you for joining me for our Monthly Outlook webinar! Here the recording link in case you missed it, or want to rewatch it: https://www.youtube.com/watch?v=SYQe6N1mr2o
The ES and NQ have each seen rejections at yHI and are now trading below yMID, which could open up a return to yLO and below. While the recent move has been strong, the market may be due a pullback or rest phase, which could energize the next bounce. Crude Oil remains within the 2-week trading range and is now also compressing over the last several days within a wedge, which could trigger the next 3-point move. The next Gold higher low could offer a big move through 1765 and higher.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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