JUNE 28, 2022 — TUESDAY AM
The ES and NQ both rejected yLO in overnight trading, but have yet to see a strong move out of yesterday’s narrow range. Instead, the equity futures have developed narrow 2-day ranges for now, which could persist into the close of the session. Given the short term strength over the last week, rejections at yLO could trigger further strength ahead. Crude Oil is pushing higher within market structure, with the top end of the range at 115. BTC remains within a super narrow trading range, while ETH is attempting to push higher within its developing narrow range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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