APRIL 22, 2021 — THURSDAY AM
The ES and NQ may see a pullback as low as yMID, which could offer a buying opportunity for late-day strength. A failure to hold yMID by the end of the day would suggest additional weakness ahead. Watch 2-day highs for potential rejection in the NQ. Crude Oil has rejected yLO and could be headed higher today, but CL needs a strong low could to lead price toward 66s down the road. Gold remains strong, and any pullback as deep as 1750 remains a buying opportunity for 1850-1875.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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