NOVEMBER 09, 2021 — TUESDAY AM
The ES and NQ are trading within very narrow developing 3-day ranges. While the bias remains firmly higher, we may see further range-bound action until a continuation is seen. A bullish FNL could be a great indicator of another move up. Crude Oil has pushed through the midpoint of the large daily sell signal from a couple of days ago, which tends to be bullish in the near term. Gold has compressed tremendously lately, and appears to be seeing an initial breakout attempt through the top of the range. However, Gold has yet to push through the 1840 resistance level, so any breakout must prove it through this level.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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