MAY 28, 2021 — FRIDAY AM
NOTE: This will be my last pre-market video until June 12 or 13th, as I will be out of the office. Have a great holiday weekend!
The ES and NQ have developed extremely narrow ranges ahead of the RTH open, with the ES at 20% of ADR with a range of just 10.75 points. The NQ is trading just 27% of ADR, and remains within a very narrow 4-day trading range, while the ES sits at the top end of a multi-day range. Further upside price discovery is likely to occur, but we may see sideways-to-up price action, as the volatility has dropped drastically the last several days. Crude Oil is approaching 67.98s, and this minor Gold pullback could provide a bounce soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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