JULY 29, 2021 — THURSDAY AM
The ES has developed a narrow 5-day trading range, which could lead to a solid breakout in the near future. At this time, the 5-day range suggests a move of 150+ points. If a break occurs to the downside it could provide a great opportunity to buy the dip. Crude Oil is testing prices above its narrow multi-day range, which is bullish unless it fails back below 72.40. Gold bounced nicely off the 1790 support level and is back to the 1830s. Above 1835 will begin to open up 1863.80 above.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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