JUNE 22, 2021 — TUESDAY AM
The ES and NQ are trading within relatively narrow ranges ahead of the RTH open, as the market awaits the testimony of Fed Chair Powell later today. Overall, the market remains very bullish, and the recent low in the ES may turn out to be a strong low ahead of new highs ahead. Crude Oil remains on path to 76.72. Gold is showing a little bit of a bounce off mLO, but it’s not the strongest low, which means we may see another round of selling once this bounce is done.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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