JANUARY 05, 2023 — THURSDAY AM
The ES, NQ, and YM have developed narrow multi-day ranges that show the potential for big expansion ahead. However, further range-bound action could be seen until we see a breakout. Quantifying the ranges for the breakout shows big potential ahead for these markets. Crude Oil is likely headed back to 70, and Gold is giving back gains.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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