AUGUST 23, 2021 — MONDAY AM
The ES and NQ remain bullish after the recent strong low. Expecting pullbacks to be defended for a shot at new highs. The NQ remains mostly range-bound, but even a pullback as deep as 14200 could provide a great opportunity for a shot at 15600 and beyond. Crude Oil has experienced a strong reaction rally so far today. However, price remains below the 66 qMID, which means any rally could be sold for new lows ahead, likely into qLO near 58. Gold remains above the 1760 level and is now breaking the 5-day range to the upside, which opens up 1835-40 above.
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