MARCH 22, 2022 — TUESDAY AM
The ES and NQ are both trading within narrow ranges after last week’s rally, as compression seems to be following expansion. The market may also be in a “wait-and-see” mode given the Fed speak this week and Fed Chair Powell on deck at 7AM CT Wednesday morning. A bullish shakeout leg could trigger a nice rally ahead. Crude Oil remains bullish off the 96 market structure edge, and BTC and ETH are both pushing higher out of narrow ranges, but are approaching resistance above.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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