JUNE 16, 2022 — THURSDAY AM
The ES and NQ have sold off after yesterday’s FOMC Statement and Rate Decision, and are currently holding near yLO. Failure to get above 3740 in the ES and 11450 in the NQ could trigger additional selling pressure ahead, rather than staying within the developing 3-day range. Overall, every rally continues to be a selling opportunity. Crude Oil reached a 110.91 low after selling off from the 123s early in the week, and is now attempting to developing a strong low. A strong low could trigger the next rally within the uptrending channel. BTC and ETH are still headed lower, and every bounce remains a selling opportunity.
FOMC Key Levels for JUNE 15, 2022: ES 3785.50, NQ 11571.5, CL 117.41, GC 1822.7, RTY 1733.8, YM 30587, ZB 132’15, $DXY 105.333, 6B 1.2117, 6E 1.04725, BTC 21050, ETH 1106
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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