DECEMBER 09, 2022 — FRIDAY AM
The ES, NQ, and YM each saw pre-market selling pressure on a hotter than expected PPI number. So far, bearish FNHs have developed, which could intensify into bearish outside days during the RTH session. So far, narrow multi-day ranges have developed, a breakout move could be ahead. Crude Oil remains below the 75 edge, and could see lower lows into 67.55 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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