NOVEMBER 23, 2021 — TUESDAY AM
The ES and NQ are both attempting to reject yLO, which could lead to a modest rally today. However, failure to hold wLO in the ES could open up another decline ahead. This is the key level to watch today – 4667. Crude Oil is pushing through yHI, but remains in a downtrending market. Watch yHI at 77.16 for signs of failure and another bearish FNH. Gold remains bearish and has nearly hit our 100 point target at 1780, but could still see 1760 down the road.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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