SEPTEMBER 14, 2022 — WEDNESDAY AM
The ES and NQ melted down Tuesday after the release of CPI data, which ultimately became one of the biggest days of the year. After such a massive range day, the tendency is for the market to digest recent price action and trade mostly range-bound in the day that follows. That is, today could be mostly range-bound, with a downward bias, with more downside likely ahead in the next 1-5 days. Can Crude Oil hold above 86? Does the developing rounded top in BTC suggest a major downmove to come?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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