NOVEMBER 02, 2021 — WEDNESDAY AM
NOTE: I will be hosting our next Monthly Market Outlook today Wed, 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
Today is FOMC statement and rate decision day. We will get another FOMC key level, as well. The ES and NQ are both trading 28% of ADR, and its likely to remain a range-bound day ahead of the FOMC statement later today. Once this occurs, look for volatility to pick up heading into the next several days and weeks. Crude Oil may be headed back to mMID near 80, and Gold remains directionless.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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