FEBRUARY 07, 2022 — MONDAY AM
The ES and NQ are currently trading just 29% and 28% of ADR, respectively, and both are trading right at the center of last week’s range. A push to an edge likely occurs soon, but which edge? A push to wLO could provide a great buy-the-dip opportunity ahead. Crude Oil hit our 6 point narrow-ADR target, and the next pullback provides an opportunity for 96 ahead. BTC and ETH both broke back above major market structure levels, and back above mMID, which is the first indication of a major trend change.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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