DECEMBER 08, 2021 — WEDNESDAY AM
The ES and NQ are trading within very narrow ranges after Tuesday’s bullish trend day. Failure to hold 4675 could open up a return to yMID in the case of the ES. The 16100 yMID could also be in play in the ES if 16400 is rejected. Crude Oil reached the key range midpoint of 70.83, and could be headed to the 75.52 edge. Gold has bounced modestly, which could lead to another selling opportunity for a shot at 1760, and below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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