MAY 31, 2022 — TUESDAY AM
The ES and NQ are currently experiencing a Fade After Trend Day today, as these market have rejected prices above wHI, and could be headed back toward wMID below. If bulls can defend the early pullback this week, we could see an attempt to push higher in June. Crude Oil has seen a strong breakout through the 115 resistance level, and is in full trend day mode. Above 115 opens up 130 above. BTC and ETH have both started the day with huge gains, and have staved off a major downside break. These support levels were “must hold” territory, and so far, bulls have held the line – for now.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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