DECEMBER 08, 2022 — THURSDAY AM
The ES, NQ, and YM are each testing yHI after Wednesday’s narrow range of trading. A rejection of yHI could turn prices back down toward yLO for a potential bearish outside day. A push through yHI opens up a return to wMID. Crude Oil is retesting 75 from below this morning after a big overnight rally. Watch 75 closely for a break or bounce.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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