NOVEMBER 15, 2021 — MONDAY AM
The ES and NQ are trading modestly higher after a strong Friday close. The expectation is for bulls to defend morning strength for a check mark trend day up toward wHI, which will be important pivots to watch for rejection/acceptance. Crude Oil is testing wLO. A break could open up a test at recent lows near 78. A rejection of 77/78 could provide a nice fade opportunity soon. Gold remains strong, and the next pullback could provide a continuation toward 1920, and even 1960.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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