APRIL 28, 2022 — THURSDAY AM
The ES and NQ are both testing prices at yHI, which could develop into bearish FNHs, with a shot at yMID and yLO. Failure to hold yHI could open up another round of selling pressure within the existing downtrend this month. Acceptance above yHI could trigger some bullish price action, but the market must prove it, given overall weakness this month. Crude Oil remains stuck at mCL, and could remains stuck heading into the end of the month. BTC and ETH continue to test key support at 38k and 2800, as bulls continue to defend prices at these levels.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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