DECEMBER 14, 2021 — TUESDAY AM
The ES rejected prices above wHI yesterday, and also took out wCL, which opens up a move to the previous week’s midpoint – 4621.75. The NQ has already taken out wMID, and could be headed to wLO this week. Crude Oil has developed a narrow 6-day range, and could be due for a breakout soon. Watch 70 down, 73 up. Gold remains within a developing 9-day range, and could be awaiting the FOMC Wednesday before expansion occurs.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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