JUNE 14, 2022 — TUESDAY AM
The ES, NQ, BTC, and ETH each saw a meltdown phase Monday, as the market continued lower throughout the session and closed on lows. After such a major trend day, we tend to see a rest day, or digestive day. Today could see mostly range-bound action ahead of Wednesday’s FOMC Statement and Rate Decision, which could trigger another round of volatility. Crude Oil continues to respond to the bullish PEMA trigger zone, and all pullbacks remain buying opportunities until proven otherwise.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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