AUGUST 09, 2022 — TUESDAY AM
The ES got a failed breakout through the top of its narrow multi-day range during Monday’s trading, which could lead to a pullback within range back toward the bottom at around 4080 soon. Overall, the bullish short term trend has been fairly impressive since the July lows, and any pullback could offer another opportunity for a short term buy-the-dip play. Crude Oil is headed for a big retest of the qLO from below, as bears continue to control the trend. BTC needs above 25k to start a real rally ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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