SEPTEMBER 27, 2021 — MONDAY AM
The ES and NQ have both rejected 2-day highs to begin the week, but following last week’s weekly buy signal, any pullback early this week could provide a buying opportunity for a continuation higher over the next 1-6 weeks. Look for a further weakness to play out today until rejection occurs. Crude Oil just hit the top of its key range after rejecting the bottom weeks ago. Crude is now just shy of testing the major 76 resistance level, which could provide a rejection soon. Gold remains unwilling to show signs of significant rejection after this recent downmove, and may need to test the next support level down at 1675.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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