SEPTEMBER 23, 2022 — FRIDAY AM
The market continues to melt down post-FOMC announcement, and look poised to retest the lows of the year. Today is not a day to fade into weakness, unless we see a strong rejection first. Instead, bears will be looking to sell the rips, with a downward bias. Crude Oil has broken down from a narrow 5-day range, with a potential for 7.50 to 9.50 points of range ahead, which would take price to 75s. BTC is barely hanging on to 18k, but a major breakdown could be ahead – same for ETH.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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