JUNE 09, 2022 — THURSDAY AM
The ES, NQ, BTC, and ETH are each trading within developing narrow multi-day ranges, as the markets are clearing waiting for something – perhaps Friday’s CPI data, or the FOMC Statement and rate decision next week. Look to avoid the chop at the center of these ranges, and look to fade the edges when available. Until expansion occurs, we may be stuck in these ranges for a while to come. Crude Oil remains on path to reach the 125 zone by the end of the week, and pullbacks remain buying opportunities.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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