JUNE 07, 2022 — TUESDAY AM
The ES, NQ, BTC, and ETH are each testing the bottom of their respective narrow trading ranges, but will a breakout occur today? Watch wLO in ES and NQ for signs of early rejection, which would keep prices within the narrow ranges for now. A true breakdown would open up a move back to 4000 in the ES and 12,200 in the NQ. Crude Oil is seeing its second day of weakness in a row, which could push it back into the bullish PEMA trigger zone below. Such a move could provide another great buying opportunity ahead. BTC and ETH remain on critical support, which could see a failure soon, especially with another FOMC Statement and rate decision looming for next week.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss