JULY 13, 2021 — TUESDAY AM
The ES and NQ have pulled back on pre-market CPI data, but remain bullish overall. All pullbacks remain buying opportunities until proven otherwise. Continue to watch the 8 PEMA as the trigger zone. Crude Oil has developed a new key range, which forecasts an upside target above 80. Any test of the key range low below 70 could offer a great bear trap opportunity. Gold continues to develop bullish market structure after the lower low failure a couple of weeks ago. Look for a continuation toward 1863 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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