APRIL 21, 2022 — THURSDAY AM
Fed Chair Powell is on deck today, so headline risk may move the markets once he begins to speak. The ES is testing prices above wHI, as equity futures remain modestly bullish this week. A failure at wHI could return prices to wMID and 4400 below. The NQ is developing a large rounded bottom and remains in range. A 1300-point breakout move could be ahead. Crude Oil remains below 105, which is the key pivot to watch. BTC and ETH remain bullish after rejections earlier this week.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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