OCTOBER 19, 2022 — WEDNESDAY AM
The ES and NQ are approaching yLO for a test from above after the recent push higher. A bullish rejection at yLO could trigger another round of modest strength ahead, while a failure at yLO opens up another push lower within the dominate downtrend. Watch yLO closely early in the day. Crude Oil is sitting just above 81, while ETH and BTC continue to trade within super narrow ranges.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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