DECEMBER 15, 2022 — THURSDAY AM
The ES, NQ, and YM have seen two sessions with strong rejections at the top of the days’ ranges, which suggests more downside ahead in the near term. So far, the markets are seeing early selling pressure ahead of the RTH, as the markets work their way down toward wCL. Crude Oil has rallied nicely the last 4 sessions, but could begin to see signs of rejection/failure soon, which could open up another swing move down.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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