SEPTEMBER 02, 2021 — THURSDAY AM
MARKET OUTLOOK RECORDING: In this edition of the Monthly Outlook, we discuss September seasonality for the ES, CL, and NQ, and also discuss the higher value relationships that have developed. We talk industry groups, including EV Vehicles, and stocks, including $AAPL, $TSLA, and $CPNG. Use the following link to watch the recording: https://www.youtube.com/watch?v=i7bYHmzKxZs
The ES, NQ, and GC are each trading within extremely narrow multi-day ranges. We could be seeing a further drop in volume and volatility as we head into the holiday-extended weekend. Look to avoid the chop until volatility picks up. A pullback into the monthly pivot range could provide a great move later in the month. Crude Oil is still trading within the developing 7-day narrow range. While price is currently at the upper edge, can it break out today?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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