NOVEMBER 11, 2022 — FRIDAY AM
The ES and NQ saw tremendous rallies Thursday on better-than-expected Inflation data. After major expansion, the market tends to see digestion. In essence, today could be mostly range-bound, as bulls attempt to hold on to gains. If successful, a short term rally could take hold, with good targets above. Crude Oil continues to hold at the key range midpoint, which points price back toward 94. ETH futures is close to completing a great new key range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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