NOVEMBER 09, 2021 — TUESDAY AM
The ES and NQ have seen a pattern of lower highs and lower lows on a daily basis, and the NQ is now testing prices below the 8PEMA for the first time since the bullish crossover in October. Will we see a rejection soon? A bullish FNL and a rejection of yLO could lead to another buying opportunity ahead. Crude Oil is very strong, and could be headed to 86 and potentially even 91. Gold is currently experiencing a major breakout through the 1840 level. If price can hold by the end of the day, it could trigger a continuation toward 1900 to 1920.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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