JUNE 29, 2021 — TUESDAY AM
The ES and NQ remain within very narrow pre-market ranges heading into the RTH Open, as the ES is trading 27% of ADR and the NQ at 24%. Look for further range-bound action, with an upward bias. Bulls should look to fade new lows. Crude Oil has shown early strength with a strong reversal after a bullish FNL against yLO. This could be a strong bottom ahead of the next swing move to 76s. Gold has broken the narrow 7-day range to the downside. Will a continuation lower be seen to the next market structure support, or do we see a lower low failure later today?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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