FEBRUARY 24, 2022 — THURSDAY AM
Russia officially launched a full-scale invasion of Ukraine today, which has triggered a global sell-off, with the ES and NQ down over 2%, and BTC down 5% and ETH down 8%. Crude Oil has rallied 8%, however, and has now reached 100 for the first time in nearly a decade. Gold has proven to be the safe-haven asset, and has also rallied to reached 1976s…just shy of 2000, as it tests prices beyond last year’s high. Perhaps this is the capitulation phase the markets need to find a strong low and bounce. Otherwise, much more selling to last year’s lows may be in effect for the NQ, which is 900 points lower.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss