SEPTEMBER 29, 2021 — WEDNESDAY AM
The ES and NQ have seen a Fade After Trend Day setup play out in overnight and premarket trading, but any morning strength will likely become an opportunity for bears to defend for additional selling pressure ahead. Tuesday’s heavy selling pressure could lead to more downside heading into the new quarter, where qLO will become a key level to watch for rejection. Crude Oil saw a clear rejection day yesterday, and could be headed to 70.27 if price cannot reclaim 75.52 soon. Gold remains on a path to 1675.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss