NOVEMBER 22, 2021 — MONDAY AM
The ES and NQ are trading within relatively quiet ranges this morning, but maintain an overall bullish bias. This week is a holiday-shortened week, so expect low-volatility chop with an upward bias. Crude Oil hasn’t found a strong low, which means more downside is likely ahead. Gold is trading back below the 1840 level and needs a strong low to get prices moving back up. Failure to do so could open up 1800 and 1780 below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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