AUGUST 31, 2022 — WEDNESDAY AM
The ES and NQ are currently trading within the previous session’s range, and have narrow ranges of 52% and 48% of ADR, respectively. The short term downtrend remains intact, and any strength could be seen as a selling opportunity, as these markets make a move back to the previous quarter’s close prices. Crude Oil rejected prices above 96 in big fashion, and is now trading below 90, with a shot for a big test at the 86 CLVN. BTC may see a test at the year’s lows soon, while ETH may finally test the important 1300 CLVN below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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