APRIL 29, 2021 — THURSDAY AM
The ES and NQ are both trading on highs after Wednesday’s FOMC statement and rate decision. Price is currently above the newly minted FOMC key levels, but we may see a pullback below these levels early next month ahead of the next buy-the-dip opportunity. The FNL in Crude Oil that developed Monday has led to a tremendous rally, and price is now closing in on our 66 target. Gold developed a higher low Wednesday, which opens the door to 1820 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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