DECEMBER 17, 2021 — FRIDAY AM
The ES and NQ have both sold off from Thursday’s highs. Both have been experienced major overhead resistance, with the ES rejecting 4700 and the NQ at 16400. Crude Oil is still holding within its developing 9-day trading range, and continues to build energy for a breakout ahead. The Strong low in Gold has turned out well for bulls, and could point to more upside ahead, with targets at 1825 and 1850.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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