JANUARY 21, 2022 — FRIDAY AM
The ES and NQ are both digesting the previous day’s selling pressure, but much more downside could be ahead. Crude Oil has already seen a buy-the-dip opportunity below the 8PEMA, which could send price to new highs again. There’s major selling pressure across all crypto currencies this morning, including a 10% dump in Bitcoin and a 13% sell-off in Ether futures. Is Bitcoin transitioning back below 40k? If so, 30k may be next. Ether futures has hit 2750, the next major market structure level…watch this level closely.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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