JULY 26, 2022 — TUESDAY AM
The ES and NQ are both trading within super narrow ranges ahead of the RTH open, with each trading just 18% of 10-day ADR. The 5-day developing narrow ranges are building energy ahead of Wednesday’s FOMC Statement and Rate Decision. Crude Oil is holding the 93s, which could open up a test at wHI at 101 soon. BTC and ETH are currently on the downswing, but will they retest lows?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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