JUNE 15, 2022 — WEDNESDAY AM
The ES and NQ are trading within narrow ranges ahead of today’s FOMC Statement and Rate Decision, as both are trading just 30+% of ADR and are currently inside days. Look for further range-bound trading range action ahead of the 1PM CT announcement, with the potential for volatility to increase late in the afternoon, and especially during Thursday’s trading. Crude Oil is trading within a narrow developing 8-day range, and could be building energy for another push higher out of the bullish PEMA trigger zone. Both BTC and ETH have hit fresh lows, and new lows could still be ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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