OCTOBER 04, 2021 — MONDAY AM
NOTE: I will be hosting our next Monthly Market Outlook today, October 4, 2021 at 4PM CT. We’ll be covering futures, stocks, crypto, and ideas heading into the end of the year. This is a free event that is open to everyone. Please use the following ZOOM webinar link to join: https://us06web.zoom.us/j/87605421711
The ES and NQ have pulled back toward Friday’s rejection day midpoints, and are currently holding, as bulls attempt to push prices higher ahead. A failure to stay above yMID by end of day could mean more selling pressure into qLO ahead. Crude Oil has hit new multi-day highs and is currently trading above 76 and the 75.52 key range high. Failure to stay above this zone by EOD could tip us off to a significant rejection ahead. Gold needs to hold 1740 in the short term for a shot at 1800 and 1840.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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