MAY 11, 2021 — TUESDAY AM
The NQ has complete a major turnaround, as price dropped away from the top of the key range at 13900 and reached the previous month’s low price of 13090 to wipe away the April gains. Failure to hold 13k could open up a continuation across the major trading range. The ES is approaching CLVN support between 4000 and 4100, which could offer a bounce opportunity if tested. Watch for signs of significant rejection before looking to fade this selling pressure. Crude Oil is testing key support at 64, and Gold needs to stay above 1800 to remain on a path higher.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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