JULY 15, 2021 — THURSDAY AM
The ES and NQ are trading within developing narrow 4-day ranges, which could trigger a breakout soon. Fed Chair Powell finishes day 2 of testimony today, which could eventually trigger expansion from theses ranges. Any downside break could be short-lived, and could offer a buying opportunity. Crude Oil continues to test yLO, which could trigger a reversal back toward yMID. Gold remain on a path toward 1863.80.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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