JUNE 16, 2021 — WEDNESDAY AM
The ES and NQ are trading within extremely narrow pre-market ranges ahead of the RTH open, as the market awaits the FOMC statement and rate decision due out at 1pm CT later today. This event event will give us another FOMC key level to use for the next several weeks ahead. The ES, NQ, and CL remain bullish, but pullbacks may be ahead, which could offer buying opportunities soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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