NOVEMBER 05, 2021 — FRIDAY AM
MARKET OUTLOOK: In this edition of the Monthly Outlook, we talk ES, CL, Nat Gas, and Silver futures. We also talk FOMC Key levels and stocks, including $TSLA, $LCID, $WKHS, $ROKU, $ATVI, $Z, and more! Click here to watch the recording.
The ES and NQ continue to melt up within the existing upmove, and today’s NFP Report has added a little more volatility ahead of the RTH Open. The ES is still working toward the 4805 key range target. Given the overall strength, look to buy morning weakness for late-day strength. Crude Oil developed a bearish outside day Thursday after rejection mCL, which could lead to more weakness on a swing basis. Gold continues to chop around yearly VWAP.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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