October 23, 2019 — WEDNESDAY AM
The markets are compressing ahead of next Wednesday’s FOMC Meeting and interest rate decision. The ES and NQ are currently trading within narrow ranges over the last week, while Crude Oil and Gold continues to compress within ranges that have developed throughout the month of October. The expectation is for further range-bound action, with an eye toward expansion soon.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss