AUGUST 06, 2021 — FRIDAY AM
OUTLOOK RECORDING: In this edition of the Monthly Outlook, we discuss August seasonality, and the narrow ranges that have developed in the ES, YM, and NQ. We also discuss various industry groups, including Crypto, EV Vehicles, Gaming, and more! We also provide several actionable trading ideas, including in $BLNK, $TSLA, $INTC, and others. Here’s the recording link: https://www.youtube.com/watch?v=BF61OPs0twY
The NFP Report was released this morning showing an increase of 943,000 jobs in July, which helped to trigger some initial volatility in the markets, most notably in the NQ and Gold. The ES remains mostly within the large developing 2-week trading range, and could see expansion soon, perhaps next week. The NQ remains extremely bullish within its multi-month trend. Failure to hold 15k could suggest a short term pullback ahead, which could offer a great buying opportunity. Crude Oil remains bullish after yday’s FNL, and could be headed toward 72s.
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