MAY 27, 2021 — THURSDAY AM
The ES and NQ are both showing early signs of bullish FNLs, as each market is rejection prices below yLO ahead of the RTH Open. This could trigger further strength to yHI, eventually leading to bullish outside days. However, not expecting major volatility, as we continue to trade ahead of the extended holiday weekend. Crude Oil remains within a very narrow 3-day range, but could see a breakout soon. Gold remains extremely bullish, and any pullback below 1880 could offer a great buying opportunity for new highs ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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