NOVEMBER 17, 2022 — THURSDAY AM
The ES and NQ both saw pre-market selling pressure, which intensified after the release of economic data. This move could trigger a downside break from the narrow ranges that have developed at recent highs, which could be quite bearish over the next 3 to 5 days. Crude Oil has seen a ton of chop at the center of its triangle, and the current wave may take it higher in the short term. ETH still needs the 1355.5 midpoint to confirm the new key range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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