APRIL 30, 2021 — FRIDAY AM
The ES remains within a developing narrow 5-day range, which could trigger a major 1-day moves soon. The NQ has developed narrow range on a 15+ day basis, and continues to build energy for a potential 900+ point move soon. Crude Oil has sold off heavily in pre-market trading, and is now attempting to hold weekly VWAP and reject yLO. Overall, the next pullback could lead prices higher down the road. Gold remains bullish, and needs to remain above 1750.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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