JULY 26, 2021 — MONDAY AM
The ES and NQ are trading rather quietly ahead of today’s RTH open. The market may continue to trade quietly throughout the first part of the week, as all eyes will be on Wednesday’s FOMC Statement and Rate Decision, which will give us another FOMC key level. Look to fade the edges with an upward bias. Crude Oil has developed a very strong pre-market low and could be headed higher today and this week. Watch 72 for early directional bias today. Gold continues to hold the 1790 level, but is on the verge of seeing a failure. Continue to watch this level closely.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss