APRIL 18, 2022 — MONDAY AM
The ES, NQ, and BTC are each testing prices at, or just below, the previous week’s low price (wLO). A rejection of prices below wLO could open up early strength this week, with targets back at wMID. Overall, the short term downtrends remain intact, and we’re still searching for strong lows to anchor from. Crude Oil is testing prices above 106, which could open up 116 above. Failure to hold 105 sends price back to 100, or below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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