NOVEMBER 02, 2021 — TUESDAY AM
NOTE: I will be hosting our next Monthly Market Outlook on Tuesday, Nov 3, 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/84382599747
The ES and NQ are currently trading within narrow ranges ahead of the RTH open, as the market may be in a holding pattern prior to Wednesday’s FOMC Statement and rate decision. We’ll get another FOMC key level tomorrow for the markets we follow, which could lead to another bit of volatility in the next several weeks. Crude Oil continues to push higher toward our upside targets of 84 and 86. Gold remains range-bound, and stuck between 1760 and 1820.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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