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The ES has broken down from the narrow 3-day range, which has already triggered the 130-point move we were looking for. We may see more near-term selling pressure, but watch for signs of a rejection, which could offer a buy-the-dip opportunity back to the FOMC key levels above. Crude Oil may also see a bounce after the current selling pressure, and Gold has one more move to the top of the range if 1730 holds.
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Frank Ochoa
Author, Secrets of a Pivot Boss
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