APRIL 25, 2022 — MONDAY AM
After tremendous 2-day sell-offs in the ES and NQ, we could begin to see a change of direction soon, given historical ADR readings. Watch wLO in the ES and NQ, as a rejection of these levels could lead to a modest bounce back toward wMID early this week. Overall, the ES, NQ, BTC, and ETH may have a bit more downside left before we begin to see significant rejection. Crude Oil has given up 100 and may be headed back to support at 93.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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