DECEMBER 21, 2021 — TUESDAY AM
The ES and NQ are currently bouncing after an aggressive 3-day sell-off. Will early strength be seen as a selling opportunity for late-day weakness? Watch today’s developing midpoint for clues. Crude Oil broke the 9-day narrow range to the downside Monday, but developed a wick reversal buy signal by the end of the day. This strong low suggests a move to 74 to 76 ahead. Gold may be range-bound until it’s ready to see expansion early next year.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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