JULY 19, 2022 — TUESDAY AM
The ES and NQ are both trading at the top end of the downtrending channel and have developed narrowing ranges over the last 18 to 20 days. Will this energy finally get released soon? If so, a downside break to new lows is the most likely scenario given the market structure, but a break through yHI would change that. Crude Oil may have more downside ahead, with a target of 86. BTC and ETH have bounced lately, but will the bears sell into this strength?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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