NOVEMBER 29, 2021 — MONDAY AM
The ES, NQ, and CL each sold off hard during Friday’s half-session, and are now seeing classic fades after these trend days. Watch Friday’s midpoints for signs of early directional bias. If the ES can’t find acceptance back above 4650 could open up a return to new lows. Has Crude Oil washed out? If so, we could see a bounce back to the 75.52 key range high. Gold may be stuck in the range at the 1790 level, which has been a magnet for price. Look for further chop, with a downward bias toward 1760.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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