DECEMBER 06, 2021 — MONDAY AM
The ES and NQ both remain within 2-week downtrends, which could continue to see more downside ahead. Both have lower value relationships with the weekly pivot ranges, which suggests early strength will be sold this week. Above 4600 opens up the upside for the ES. Crude Oil is up today, and still working its way to 70.83. Gold is back trading within the 1760 to 1840 trading range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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