AUGUST 11, 2021 — WEDNESDAY AM
The ES remains within an ever-compressing multi-week trading range, as does the NQ. And while these ranges continue to develop, these markets continue to maintain a bullish trending structure. The bullish FNL in the NQ at 15k suggests overall strength for the day, but price needs above 15,150 for more upside ahead. Crude Oil had a deep pullback this morning, but has just completed a 60min buy signal that could trigger more upside ahead. Gold is showing short term strength, but likely stays within the 1675 to 1765 price structure until further notice.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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