OCTOBER 12, 2022 — WEDNESDAY AM
The ES and NQ are currently trading within narrow pre-market ranges ahead of the RTH Open, and are inside narrow 3-day ranges. These narrow ranges could see a release of energy soon, perhaps on the release of CPI data Thursday morning. Overall, a downward bias remains, with a shot at seeing big expansion ahead. Crude Oil bulls need to keep prices above 86/87 for a shot at 97s above.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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