JANUARY 13, 2023 — FRIDAY AM
The ES, NQ, and YM have pulled back from Thursday’s close and are trading deep within yday’s range. If the markets can find a strong morning low, we could see a moderate bounce into the close. Failure to get back above yMID, however, will suggest a return to yLO. Crude Oil continues a modest rally, but could find resistance soon. Bulls will look to buy the dips in Gold, as it remains extremely bullish.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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