DECEMBER 16, 2021 — THURSDAY AM
The ES and NQ are holding at the highs of the recent rally away from yday’s newly-minted FOMC Key Levels (see below). The ES needs to stay above 4705, as a failure to hold this level opens up a return to the FOMC key level below. The NQ is testing wHI and the 16400 level, which continues to be an important resistance level. Crude Oil bulls want to keep 71 bid for a shot at 73 today. Gold finally has a strong low, which gives us new directional conviction and new targets above.
FOMC Key Levels for DEC 15, 2021: ES 4620.50, NQ 15844, CL 70.44, GC 1762.8, RTY 2146.9, YM 35400, ZB 162’02, $DXY 96.615, 6B 1.3221, 6E 1.1286, BTC 47720, ETH 3781.5
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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