AUGUST 25, 2022 — THURSDAY AM
The ES and NQ both finished Wednesday’s trading within 2-day narrow ranges, and price is currently testing yHI. A rejection of yHI could lead to a return back toward 2-day lows, and perhaps even lower on a swing basis, with the July FOMC key level below. Crude Oil managed to finish Wednesday’s trading above 95, which could open up 102 ahead. BTC has a very narrow 4-day range, which could lead to the next 3000 point move.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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