MAY 27, 2022 — FRIDAY AM
NOTE: This is the last pre-market video until Tuesday, May 31, 2022, as we will observe the Memorial Day holiday in the United States.
The ES, NQ, and CL are each approaching overhead resistance after yesterday’s bullish trend day. The ES has resistance overhead at 4100, while the NQ is approaching 12,600 and Crude Oil is hitting the 115s. Expect for bears to defend resistance ahead, but overcoming these resistance levels could finally open up the market structure price ranges above. BTC remains within a developing narrow range, and continues to build energy for a massive breakout ahead. ETH is working on a potential double bottom, and is in “must hold” territory.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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