SEPTEMBER 28, 2021 — TUESDAY AM
The ES and NQ have both shown weakness in pre-market trading ahead of the RTH open. The ES has made it back to the weekly pivot range, while the NQ is now trading below wMID. With Fed Chair Powell on deck today at 9am CT, can these markets find a strong low for a bounce into the end of the week? Crude Oil is testing prices above 76, and could see a fade day today. Eventually, a rejection of 76s could lead to a return to 70 and 61 below. Gold has taken out key support levels and appears on a path to the next support level of 1675.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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