FEBRUARY 11, 2022 — FRIDAY AM
The ES and NQ are both developing bullish FNLs at the lower edge of the recent trading range, which bulls are currently defending for a return to recent highs of the last 2 weeks. A failure to hold 4440 in the ES, and 14500 in the NQ could trigger a stop run, however. Crude Oil is developing a narrow multi-day range that forecasts a 6-point move ahead, which could push price to 94 to 96 ahead. BTC and ETH are both developing narrow ranges after the recent rally, and have built up significant energy, which could be released soon, and likely to the upside.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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