MARCH 31, 2022 — THURSDAY AM
The ES and NQ are currently trading another inside day heading into the RTH open. As a matter of fact, both of these markets are developing double-inside day ranges, which means further compression could be seen in the near term. Eventually a bullish FNL could spark the next rally. Crude Oil is testing wLO, and Bitcoin and Ether futures are both trading within developing narrow 4-day ranges. The compression at highs suggests more strength ahead, and the next buy-the-dip opportunity could come early in April.
Frank Ochoa
Author, Secrets of a Pivot Boss
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