AUGUST 31, 2021 — TUESDAY AM
NOTE: I will be hosting our next Monthly Market Outlook Wednesday, September 1, 2021 at 4:00pm CT, and you are invited to this free event. We’ll discuss seasonality, industry group rotation, and trade opportunities for stocks and futures heading into the month of September, and into the end of the year. Please use the following link to join: https://us06web.zoom.us/j/88125239717
The ES and NQ both rejected yHI/yCL and have pulled back from overnight highs. Look for the markets to close the month of August on highs, and watch for a potential pullback into the monthly pivot ranges to begin the new month of September. Crude Oil remains on a path to 70.27, but will the top of the channel lead to another pullback ahead? Gold continues to push toward 1840, but may need a short term pullback first.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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