MAY 26, 2021 — WEDNESDAY AM
The ES and NQ are now trading within very narrow two-day ranges after the recent rally from last week’s lows. Overall, the expectation is for further melt-up trading action ahead of the holiday-extended weekend. Any pullback may still offer a buying opportunity for a return to the month’s highs. Crude Oil can’t seem to find acceptance above 66s, which may lead to a pullback ahead. Gold has pushed through 1900, and remains on a path to 1960.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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