JUNE 14, 2021 — MONDAY AM
The ES and NQ are trading within narrow ranges heading into Monday’s RTH open, as all eyes are on the Fed this Wednesday. We’ll get another FOMC key level, in addition to the FOMC Statement and rate decision, which could set the tone for the next several weeks. The ES, NQ, and CL remain bullish overall, and pullbacks remain buying opportunities. Although, we may see further range-bound action ahead of Wednesday. Gold has experienced a significant two-day sell-off, but is approaching potential support at 1840.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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