MAY 06, 2021 — THURSDAY AM
The ES remains within the 4153 to 4180 range, and a breakout from this range could trigger the next move. Below 4150 opens up a return to mMID at 4087.50. The NQ remains below the 13700 key level and is currently holding below mMID, which could lead to a return to mLO at 13090 down the road. Crude Oil has pulled back and is attempting to hold 65s for a shot at 67.98. Gold remains range-bound within a 15-day range, which could lead to a significant breakout ahead. Gold needs through 1800 for a shot at upside targets as high as 1875.
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Frank Ochoa
Author, Secrets of a Pivot Boss
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