JANUARY 19, 2022 — WEDNESDAY AM
The ES and NQ sold off heavily Tuesday, which sets up a Fade After Trend Day setup today. The rejection of yLO/wLO provides an intraday opportunity to return to yMID. The NQ may have an upside target between 15400 and 14450 if yLO continues to hold. Crude Oil hit our target of 86 and may see a bit of a reversal soon. But any pullback could offer another rally ahead, with targets at 87 and 96. Bitcoin and Ether futures are still trending lower, but approaching major support.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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