JANUARY 26, 2022 — WEDNESDAY AM
The ES, NQ, and CL have each rallied nicely since the after-hours opening yesterday afternoon, but each has reached yHI, which could become the limit this morning, as the market awaits the FOMC Statement and Rate Decision later today at 1PM CT (2PM ET). We’ll get another FOMC key level, and likely additional volatility the next several days, and perhaps the next couple of weeks. BTC and ETH are moving nicely higher, but watch 40k and 2750 for important tests from below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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