JANUARY 03, 2022 — MONDAY AM
The ES and NQ are beginning the new year within their respective 5-day ranges, and could be due for early expansion soon. A downside break through 4750 could trigger additional selling pressure ahead for ES. Crude Oil hit our 10-point target to 76, but is now seeing selling pressure back below 75s, which is the key level to watch early. Gold is compressing tremendously on a large scale, which is building energy for a major move to come. For now, a developing bearish outside day may trigger more downside ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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