JUNE 24, 2021 — THURSDAY AM
The ES and NQ have developed small boxes above yHI, which could offer an opportunity for a bull trap ahead of weakness later today. Watch yHI closely for signs of failure/acceptance. Crude Oil may have hit a cycle high and is currently headed back toward the rising 8 PEMA. A push below 72 may offer an opportunity to fade. Gold has developed a narrow 5-day range, which suggests a breakout move of about 80 – 100 points soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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