AUGUST 22, 2022 — MONDAY AM
The ES and NQ have seen early selling pressure since Sunday evening, and continue to hold near the lows of the day heading into the RTH Open. A strong intraday rejection could lead to a buying opportunity, as these markets are currently within the bullish PEMA trigger zone. However, avoid fading this weakness unless a strong rejection presents itself. Crude Oil appears range-bound, with a significant downward bias. ETH and BTC took a tumble Friday, but will these pullbacks open up buying opportunities ahead?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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