JUNE 03, 2022 — FRIDAY AM
MARKET OUTLOOK RECORDING: In the June edition of the Monthly Outlook, we discuss ideas for the month ahead, including for futures and stocks. If the NFP report is received well Friday morning, we could see an early buy-the-dip opportunity that could last 1 to 2 weeks. We talk ES, YM, NQ, CL, BTC, ETH, and more! LINK: https://www.youtube.com/watch?v=CSqv2VnrXUo
The ES and NQ remain within narrow ranges that have developed throughout the week, which have followed last week’s strength. This can be viewed as modestly bullish, but a failure of the bottom of the range could still happen, which would open up mLO below. Continue to watch support at 4070 in the ES and 12450 in the NQ. Crude Oil bulls are defending the early morning dip at 115.23 this morning, which could open up the 119s above today, and 125s over the course of the next week. BTC and ETH are still on the ropes, and could be on the verge of a major breakdown ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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