FEBRUARY 03, 2022 — THURSDAY AM
MONTHLY OUTLOOK RECORDING: In the February edition of our PivotBoss Monthly Outlook, we take a look at the recent sell-off and the key ranges left behind. These key ranges in ES, NQ, and YM give us a blueprint to use the rest of the year. We also talk stocks, including $AMZN, $RIOT, $RIVN, $RBLX, and more! We talk crypto currencies, as well, including BTC, ETH, DOGE, AVAX, SOL, MANA, and more! Watch here: https://www.youtube.com/watch?v=jthXZw5ReYc
The ES, NQ, CL, BTC, and ETH are all showing weakness across the board, as $FB earnings have led to major selling pressure across metaverse and social media stocks. The selling pressure is trigger the next wave of downside price action, which could led to great buying opportunities ahead once rejection is seen. Until then, Modified PEMA XO sell signals are firing in the NQ, BTC, and ETH, which suggests more weakness ahead. Crude Oil remains within a developing narrow range. The next pullback could trigger a solid 6-7 point rally.
Here are FOMC Key Levels for JAN 26, 2022: ES 4412.75, NQ 14478.5, CL 87.22, GC 1828.9, RTY 2032, YM 34467, ZB 155’08, $DXY 96.124, 6B 1.3502, 6E 1.1295, BTC 37975, ETH 2602
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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