JULY 28, 2022 — THURSDAY AM
The ES and NQ are both trading within narrow inside day ranges ahead of the RTH Open, with the ES at 34% of ADR, and the NQ at 44%. Given Wednesday’s strength, bulls are looking to extend gains beyond yHI. A rejection of yHI, however, could lead to quite the reversal back within yday’s range. CL may still be headed for wHI at 101, and BTC and ETH remain bullish from a short term perspective.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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