SEPTEMBER 09, 2021 — THURSDAY AM
While the ES has pulled back modestly over the last four sessions, the NQ remains within a very narrow developing 7-day trading range, which forecasts a major breakout to come. Any pullback from highs could lead to a great buy-the-dip opportunity ahead on a swing basis. Crude Oil remains below 70 and below the major upper trend line, which could lead to a rejection soon. Watch the narrow 12-day range ahead of the breakout soon. Gold remains within 1760 to 1840.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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