AUGUST 30, 2022 — TUESDAY AM
The ES and NQ are currently trading within 2-day narrow ranges, as the market continues to digest recent selling pressure. We could see further trading range activity ahead of late-week economic data and ahead of the extended holiday weekend. Crude Oil has already seen a fade after trend day play, as prices at yHI were rejected overnight. CL needs to stay above 93 in order to maintain a bullish stance. ETH continues to show strength at 1400, for now, while BTC may be making a move to retest the year’s lows.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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