MAY 10, 2021 — MONDAY AM
The ES and NQ are both trading within narrow ranges to begin the week. The ES is trading around wHI/wCL which, if rejected, could lead to a return to wMID at 4176. Any pullback could offer a buying opportunity for a continuation ahead. Above 13700 opens up 14000 for the NQ. Crude Oil remains on a path to 67.98, and Gold futures may be headed to 1960 based on its ability to recovery the market structure low recently. Any pullback to 1800 could open up a move to 1875 and into 1960 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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