NOVEMBER 18, 2021 — THURSDAY AM
The ES is trading within a developing narrow 4-day range, while the NQ remains near wHI. Any pullback could offer another buying opportunity for continued strength. Failure to hold mHI/mCL could open up more weakness ahead, although, this is not expected at this time. Crude Oil has flushed through the 78s and is now providing a fade opportunity off yLO with a shot at 80.80 and 81.50. Gold remains within a narrow range at highs, with more potential strength ahead as long as 1840/1850 remains intact.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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