NOVEMBER 21, 2023 — TUESDAY AM
HOLIDAY: US Markets are closed Thursday Nov 23, and close at 1pm CT on Friday Nov 24.
The ES, NQ, and YM have each pulled back modestly from the previous session’s highs, and are now approaching yMID from above. Bulls will look to defend yMID for a shot at a check mark move higher. Failure to hold yMID opens up a return to the narrow trading ranges below, but swing bulls will still be looking to defend into weakness for a swing continuation higher, as this upmove remains quite bullish. Crude Oil bears are looking to defend this bounce for another round of selling pressure into 69.69 below. Gold is moving higher toward the 2020 edge.
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Frank Ochoa
Author, Secrets of a Pivot Boss
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