SEPTEMBER 16, 2022 — FRIDAY AM
The ES and NQ sold off in the previous session, with the NQ becoming a bearish outside day. This suggests more downside ahead, with a likely target back at the previous quarter’s close price. Look to sell the rips until this target is reached. Crude Oil continues to falter at the 86 edge, which could lead to more weakness ahead. BTC has a big test coming up at 1800, and ETH is trading back within the 1400 zone after developing a bearish H&S pattern.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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