MAY 25, 2022 — WEDNESDAY AM
The ES is currently holding just above yMID, while the NQ is currently trading below this key level today. yMID is the pivot to watch early in the day, as a failure to hold this level could lead prices back to yLO, and perhaps even lower. Any bounce is still likely to be a selling opportunity until proven otherwise. Crude Oil has developed a narrow 4-day trading range, which could lead to the next 11-point move ahead. BTC and ETH are still building out within the developing 9-day trading range, which have enough energy to push these markets much lower. ETH could see a 50% haircut ahead if the break occurs to the downside.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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