OCTOBER 29, 2021 — FRIDAY AM
The ES and NQ remain within uptrending markets, and are currently holding within narrow 4-day ranges, with an upward bias. We may see further range-bound action, until rejection develops at qHI. Until then, avoid fading strength unless significant rejection occurs. Crude Oil has pulled back to the retest entry after a buy signal developed in the daily chart during Thursday’s trading. The retest entry zone of 82 could offer a move to 86 ahead. Gold remains range-bound without clear directional conviction.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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