MAY 02, 2022 — MONDAY AM
The ES, NQ, BTC, and ETH are each teetering on critical support levels, which could lead to a quick flush to begin the month. Such selling pressure could open up a major test at last year’s low price in the NQ at 12200. Continue to watch 38k and 2800 in BTC and ETH, respectively. Crude Oil remains within the 94 to 110 trading range until proven otherwise. All eyes will be on the Fed later this week, as we have another FOMC meeting fed interest rate decision.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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