DECEMBER 14, 2022 — WEDNESDAY AM
The ES, NQ, and YM each saw major reversals from the pre-market highs on Tuesday, and are now trading within super narrow ranges ahead of Wednesday’s FOMC statement and rate decision. We get ourselves another FOMC key level, and we could see a major increase of volatility and price ranges in the final two hours of the day. Will CL bears sell the rip?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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