NOVEMBER 21, 2022 — MONDAY AM
The ES and NQ continue to build out narrow trading ranges, as both markets are now working within 7-day narrow ranges. As this is a holiday-shortened week, we may see further development of these ranges this week. But watch the pivot lows of the ranges, as a failure here opens up recent support. Crude Oil appears headed for a test at the key range low of 76.25. Gold has a big retest of 1738.50 today, and ETH is testing a major edge at 1100.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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