JUNE 08, 2022 — WEDNESDAY AM
The ES, NQ, CL, BTC, and ETH are each trading within narrow intraday ranges heading into the RTH open, while also remaining within narrow multi-day ranges. Given the strength the ES and NQ saw within their respective ranges yesterday, today could see a day of weakness within the ranges. Overall, we could see further range-bound action until we get a significant volatility event. For CL, it’ll get an inventories report today, while the market may need to hold off until Friday’s CPI data.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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