JULY 01, 2021 — THURSDAY AM
MONTHLY OUTLOOK: Please join me today, Thursday July 1, at 4PM CT for our Monthly Market Outlook webinar, which is free and open to the public. We’ll talk futures, stocks, crypto, and will also discuss seasonality, new quarterly pivots, and opportunities for the month and months ahead. Please use the following link to join: https://zoom.us/j/96226779484
The ES and NQ are showing modest signs of weakness at the previous month’s high/close prices, which could lead to an early pullback this month. Any such pullback will provide another opportunity to buy and return to new highs…until proven otherwise. Crude Oil has gotten a tremendous breakout from the narrow 7-day range, which forecasts a move of about 5 points ahead. Look for a continuation toward 76.72, and beyond, in the days in ahead. Gold is attempting to keep 1760 bid, and could see a return toward 1800 soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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