MAY 20, 2021 — THURSDAY AM
The ES and NQ each finished with wick reversals in the previous session, which means the midpoint of these rejection days are the most important levels heading into today’s trading. Failure to hold these levels could open up another round of selling pressure ahead, so bulls need to keep them bid in order for modest strength to be seen ahead. The bearish PEMA trigger zone looms above in the NQ. Crude Oil is still trying to find a strong low. Perhaps mMID is the level to hold. Any pullback as deep as 1840 in Gold could offer an opportunity for bulls, with 1900 above.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss