SEPTEMBER 19, 2022 — MONDAY AM
The market will be awaiting Wednesday’s FOMC Statement and Rate Decision this week, with volatility likely to decrease early in the week ahead of the announcement, and then increase late Wednesday and into the weekend. The ES and NQ remain within bearish moves, and any strength could offer another opportunity to sell. Crude Oil is failing to hold above the 86 edge, which could finally open up 75 below. BTC has hit a new low for the year, and if 18k gives way another massive spill could be seen. ETH is testing the major 1300 CLVN, which is a major market structure level.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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