JULY 29, 2022 — FRIDAY AM
The market put together two back-to-back strong days Wed and Thurs for the first time since May, as the ES, NQ, BTC, and ETH all rallied in big fashion. We have higher value relationships heading into August, and the first pullbacks next week could provide an opportunity to buy ahead of strength later in the month. We are currently seeing narrow price action today, as the market re-trades back into yday’s range. Crude Oil is building significant energy within a developing triangle pattern, which could see expansion soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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