JANUARY 24, 2022 — MONDAY AM
The ES, BTC, and ETH likely have more downside ahead, as the next major market structure support levels are still ahead. The NQ is sitting right at a major CLVN at 14200, and if this level doesn’t hold, do we see another 2000-point drop? Until we see significant rejection across the board, more downside is likely ahead. If CL can’t reestablish acceptance back above yMID, yLO and a bearish outside day may be ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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