NOVEMBER 09, 2022 — WEDNESDAY AM
The ES and NQ are both trading within narrow ranges ahead of the RTH open, with both trading at 41% of ADR. The market may be in a holding pattern ahead of Thursday’s inflation data, which could trigger the next key move. Crude Oil may be headed back to 85s, and Gold is marching toward 1740. ETH’s sell-off has been significant, and could open the door to new lows ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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