JANUARY 12, 2023 — THURSDAY AM
The ES, NQ, and YM each saw big moves after CPI data was released, with strong lows leading to new highs. These markets are at key pivots in the charts, as acceptance above mMID could open up mHI ahead, while a rejection of mMID suggests a return to lows. Where will we finish the day? Gold remains highly bullish as it tests 1900.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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