JANUARY 10, 2022 — MONDAY AM
The ES and NQ are still hitting new lows, and could be headed to the next market structure support levels below – 4500 for the ES, and as low as 14400 for NQ. Watch mMID in the ES for early bias this week, and mLO in the NQ. The next pullback toward 76 in Crude Oil could offer a 10-point buying opportunity. Bitcoin is approaching the major 40k support level. A bounce here could lead price back to 53k, but a failure opens up 30k below. Watch for rejection. ETH is approaching the 2750 support level, which offers the next measured buying opportunity.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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