APRIL 28, 2021 — WEDNESDAY AM
The ES is trading within a super narrow 10-point range ahead of today’s RTH open and this afternoon’s FOMC Statement and Rate Decision. We could see further range-bound action in much of the market ahead of the afternoon announcement. We’ll get another FOMC key level, which will give us great levels to use as entries and targets in the next several days, weeks, and even months. Look for further strength in Crude Oil, and Gold needs another higher low.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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