JANUARY 23, 2023 — MONDAY AM
The ES, NQ, and YM are trading within very narrow ranges ahead of the RTH open, and each remains within larger compression patterns that continue to build out. Eventually, a breakout from these patterns could trigger a major expansion phase. Until then, we likely see more back and forth price action. Crude Oil appears poised to test the 83.52 key level, and Gold remains extremely bullish, with an upside target of 2000 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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