JUNE 23, 2021 — WEDNESDAY AM
The ES and NQ are trading within narrow ranges ahead of the RTH open. The ES is trading just 17.50 points of range, which is just 40% of ADR, while the NQ is trading at 38%. The overall uptrend remains intact, and any pullbacks remain buying opportunities. Crude Oil continues to push to new highs, with the 76.72 target above. Gold is trying to find a short term low, but failure to get back above 1800 could lead to another round of selling pressure ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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