OCTOBER 21, 2022 — FRIDAY AM
The ES and NQ are seeing the initial downside break from the narrow 3-day ranges that have developed. This could trigger a 1-3 day continuation lower. Crude Oil remains within a short term downtrend, and continues to stay below the 87.22 FOMC key level. Gold has reached the bottom of the key range, but could see test of the 1600 level ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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