FEBRUARY 17, 2022 — THURSDAY AM
The ES and NQ are both trading lower in pre-market trading, as each has been unable to push through wMID to expand the range higher. Instead, wCL becomes vulnerable to a break, which could open up more downside selling pressure ahead. Bulls need above wMID. Crude Oil may have put in a near-term top, as we may see range-bound action between 86 and 96 to digest recent price action. Bitcoin and Ether futures both have big retests ahead, which could give us may directional conviction ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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