AUGUST 29, 2022 — MONDAY AM
The ES and NQ are trading within super narrow trading ranges below wLO/wCL after Friday’s extreme selling pressure. Any bounce could be seen as a selling opportunity this week, as the market awaits NFP on Friday. Crude Oil is still sitting just below the top of the downward-trending channel. Watch 96 for a break or bounce. ETH is testing significant support at 1400, which could ultimately be a great long term entry idea for a shot at 2850 down the road.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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