SEPTEMBER 01, 2021 — WEDNESDAY 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 are each trading quietly heading into the RTH, but each remains firmly entrenched within their respective bull trends. Given the new month, we now have a new pivot range, and higher value relationships for the ES and NQ. Any pullback into this range to begin the month will provide another buying opportunity. Crude Oil remains within a developing narrow 6-day range, and still has a short term target of 70.27 to reach. Gold remains bullish and en route to 1840, but could stay within the 1760 to 1840 trading range for a while longer.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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