JANUARY 25, 2022 — TUESDAY AM
The ES, NQ, BTC, and ETH all developed strong rejection day lows during Monday’s session, which could lead to a short term buying opportunity today IF Monday’s midpoint remain intact. A failure to hold yMID could trigger a continuation lower ahead. If the midpoints hold, a checkmark trend day could be seen ahead, but keep in mind the FOMC Statement and Rate Decision are Wednesday, so the market may not see a significant amount of strength ahead of that announcement.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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