JANUARY 30, 2023 — MONDAY AM
FOMC Week is here, which means we get another FOMC key level and potential volatility ahead later in the week. But first, the ES, NQ, and YM may look to establish an early range to settle into ahead of the Fed Statement and Rate Decision later Wednesday. Watch yLO, as a rejection of these levels could lead to a bounce back toward wCL above. Crude Oil appears to be breaking down from the large 9-day trading range. If the breakout holds, we could see a move to 70.50 to 72 below. Gold remains highly bullish.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss