NOVEMBER 29, 2021 — TUESDAY AM
NOTE: I will be hosting our Monthly Market Outlook tomorrow, Wednesday Dec 1, 2021 at 4pm CT. Please join me for this free event, in which we’ll cover futures, stocks, and crypto heading into the end of the year and into Q1 of 2022. Please use the following Zoom webinar link to join: https://us06web.zoom.us/j/85450718988
Fed Chair Powell and Treasury Sec Yellen speak today, which the market will be listening to. The ES took out yMID and yLO, but is now trading back at the center of the developing 2-day range. Can price recover yMID and push to the ONH? The NQ is holding yMID and could see a checkmark trend day up to the ONH, but yMID needs to remain intact, or another test of 16k may be ahead. Crude Oil is trading lower again, and could see 65.02 soon. Gold is stuck chopping around the 1790 level, but a test at 1760 could be ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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