AUGUST 19, 2021 — THURSDAY AM
The ES and NQ have experienced a wide 3-day pullback, which could offer the next good buy-the-dip opportunity ahead. While a rejection could develop today, a bullish FNL could also develop Friday, as well. Any rejection in the ES could send price back to recent highs at 4475, with a shot at the 4545 key range target. Crude Oil has taken out the 66 qMID, which opens up qLO at 58 below. Gold remains on a path to 1835-40 as long as it can remain above 1760.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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