AUGUST 03, 2022 — WEDNESDAY AM
MONTHLY OUTLOOK: I’ll be hosting another monthly outlook Wed, Aug 3 at 4pm CT. We’ll talk futures, stocks, crypto, and seasonality, and more! I’ll provide candidates for the month, and will also take your requests. This event is free and open to everyone, and I’m looking forward to seeing you soon! LINK: https://us06web.zoom.us/j/82057643842
The ES and NQ are currently trading within very narrow 4-day ranges that continue to build out ahead of Friday’s NFP Report. Look to fade the edges today, and avoid the chop, as these ranges continue to build out. Failed new lows could trigger another surprising short term rally ahead. Crude Oil is sitting on significant support at 93 and could be due expansion soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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