SEPTEMBER 17, 2021 — FRIDAY AM
The ES and NQ remain within a well-developed 5-day trading range, and don’t appear ready for a breakout yet. The ES needs above 4480 and the NQ needs above 15550 for a shot at retesting prior highs. Short of this, however, could lead to further range-bound price action at best, or another flush at worst. Crude Oil has developed a double-inside day after recent strength through 70.27. Any pullback should be considered a buy for a shot at 74s above, as long as price remains above 70.27. Gold needs back above 1765 soon, or another big flush could be seen ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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