JUNE 23, 2022 — THURSDAY AM
The ES and NQ have developed narrow 7-day ranges, which have developed as rounded bottoms in the 60min timeframes. These ranges have developed quite a bit of energy and could see big expansion soon. BTC and ETH continue to develop within super narrow ranges, which could trigger the next wave of selling pressure ahead. Crude Oil gave up the 115 market structure level, and could continue to see weakness to between 95 and 100 before the next bounce occurs.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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