MARCH 24, 2022 — THURSDAY AM
The ES and NQ are both trading within narrow ranges ahead of the RTH open, as the ES trades just 37% of ADR and the NQ at 29%. Given yday’s selling pressure and weak finish, any morning strength today could be seen as a selling opportunity for late-day weakness. Bulls want to find acceptance above yMID. CL has now reached the 116 edge, and remains within a firm uptrend. BTC and ETH remain within short term uptrends, but are approaching resistance at 46k and 3300 above.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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