OCTOBER 26, 2022 — WEDNESDAY AM
The ES and NQ were pushed down in afterhours and pre-market trading after earnings announcements Tuesday afternoon. Can the bulls shake off this weakness, or do the bears regain control? With GDP due prior to the RTH open Thursday, we could see another big move ahead. Watch 11800 in the NQ. Crude Oil has developed a narrow 8-day trading range, which is building energy for a huge breakout move soon – likely 10 to 12 points of expansion. Gold bulls need above 1680.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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