MAY 13, 2022 — FRIDAY AM
The ES, NQ, and BTC are each trading above yHI for the first time in over a week, which is the first show of strength in a while. But can the markets continue to hold above yHI heading into the afternoon. Failure to stay above yHI could trigger another round of late-day weakness, which makes yHI the key pivot to watch today. Crude Oil is approaching the top end of its trading range, while ETH has made it back above 2100 after rejecting 1700 during Thursday’s trading.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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