NOVEMBER 19, 2021 — FRIDAY AM
The ES has developed an early FNH, and is testing yMID, which is the gatekeeper to yLO. The NQ remains strong, but can it stay above 16,500? Crude Oil is sliding again, and is testing a major key range edge at 75.52. Gold has developed a narrow 7-day range, which forecasts a move of about 100 points soon. Avoid the chop until a breakout occurs, which may not be today.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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