MAY 11, 2022 — WEDNESDAY AM
CPI Data hit the market prior to the RTH open, taking away overnight gains in an instance. The market remains within a developing 3-day trading range, which could continue to build out, but key levels are still to be tested below – like yearlyLO for the ES and BTC. Overall, the market is still searching for strong lows, and until one is found we may see further downtrending price action.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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