MAY 26, 2022 — THURSDAY AM
The ES and NQ continue to trade mostly within the narrow developing 6-day ranges. Watch yHI for signs of rejection early in the day, which could lead to a move back within these developing ranges. Even if strength should persist, expect bears to defend the PEMA trigger zone at some point soon. Crude Oil has developed a narrow 5-day range, which could lead to the next 14 to 15 point move. BTC has developed a narrow 10-day range, and could see a move of about 10k or more soon. ETH is breaking its narrow 9-day range to the downside, and could see a 50% move lower if the breakout follows through over the next 2 weeks.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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