FEBRUARY 10, 2022 — THURSDAY AM
The ES, NQ, BTC, and ETH each saw immediate selling pressure upon the release of economic data this morning, including CPI and Core CPI data. Look for further near-term selling pressure unless a major rejection develops on lows. If so, an intraday key range may develop. Crude Oil continues to see bulls defend prices below 8PEMA, which could lead to our final target at 96 above. Will the next pullback in BTC and ETH be the shakeout leg needed to buy the dip? These are the levels to watch.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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