DECEMBER 15, 2021 — WEDNESDAY AM
The ES is trading just 21% of ADR heading into today’s FOMC Statement release and rate decision. The NQ and CL are both trading 31% of ADR. Look for further range-based price action until later this afternoon. Above 4640 in ES squeezes…the same for 16k in NQ. Gold remains within a developing 10-day range, and is clearly awaiting the Fed today.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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