MAY 23, 2022 — MONDAY AM
The ES and NQ remain within very clear and intact downtrends, and any bounce is likely to be seen as a selling opportunity until proven otherwise. The ES is still approaching the previous year’s low price, and could still have more downside ahead to the 3200 CLVN below. The NQ may see further weakness toward 10,600, and below. Crude Oil remains within the large trading range and may make another move to test resistance soon. BTC and ETH continue to trade within the developing 7-day ranges, and are building significant energy for the next big move. Fed Chair Powell is on deck Tuesday.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss