AUGUST 30, 2021 — MONDAY AM
The ES and NQ are trading within extremely narrow pre-market ranges ahead of the RTH Open. The ES is trading at 26% of ADR, while the NQ is trading a paltry 19%. The markets remain within bullish uptrending price structures, so any pullback remains a buying opportunity until proven otherwise. Crude Oil remains on a path to 70.27, but we’ll be watching for signs of higher timeframe rejection. Look for Gold to continue higher toward 1835.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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