JULY 01, 2022 — FRIDAY AM
The ES and NQ are trading within relatively narrow ranges today ahead of the holiday-extended weekend in the US. Each of these markets have created new key ranges after the recent rally and drop. These will give us great levels to use moving forward, and they already give us major targets to watch once expansion occurs. Watch 109 in Crude Oil today, as a rejection here could trigger another round of selling pressure. BTC and ETH have both developed bearish FNHs after yesterday’s breakdown days. This could be a major indication of weakness to come.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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