MAY 04, 2022 — WEDNESDAY AM
NOTE: Please join me for our PivotBoss Monthly Outlook today, May 4, 2022 at 4PM CT. We’ll discuss the current state of the market and what to look for post-FOMC statement and interest rate decision. We’ll discuss futures, stocks, and crypto, and we’ll also take your requests. Please use the following ZOOM webinar link to join this free event: https://us06web.zoom.us/j/89749859578
The ES and NQ are trading within super narrow ranges heading into the RTH session today, as the broader market awaits the FOMC statement and rate decision later this afternoon. Look for further range-bound chop ahead of the statement, as the market is likely to remain mostly within the previous session’s range. Crude Oil remains at the apex of the large triangle pattern, and may continue to see chop around the 105 level. BTC and ETH remain on key support ahead of the Fed.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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