DECEMBER 01, 2021 — WEDNESDAY AM
NOTE: I will be hosting our Monthly Market Outlook today, 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
The ES and NQ are still trading within narrow developing multi-day ranges, as Day 2 of Fed Chair Powell’s testimony continues. While more of a pullback may be seen, expect another potential buying opportunity ahead. Crude Oil remains bearish, but is now firmly within the range between 65 and 75, which could contain prices for a while, unless 65s give way. Gold continues to march toward the next key support level at 1760.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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