DECEMBER 12, 2022 — MONDAY AM
The market will be awaiting important inflation data due Tuesday this week, in addition to the next FOMC Statement and Rate Decision Wednesday, which could lead to increased volatility and range expansion later this week. The ES, NQ, and YM are each approaching yHI, which we’ll watch for potential failure and reversal. Any CL bounce could be sold for a swing move to 67.55 below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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