OCTOBER 14, 2021 — THURSDAY AM
The ES and NQ has rallied in overnight and pre-market trading, and are now approaching major overhead resistance. The ES has resistance at 4400, and up to 4421.50, while the NQ is approaching the major 15k level. Failure to hold above 4480 could open up a return to yCL ahead for the ES. Crude Oil rallied to the Tuesday key range key and is currently unable to push through. Expecting Crude to remain mostly within the boundaries of this key range until expansion occurs. Gold saw an incredible rally during Wednesday’s trading, and any pullback to 1780 opens up a move to 1840.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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