FEBRUARY 06, 2023 — MONDAY AM
The ES, NQ, and YM are beginning the week with weakness, but early weakness could lead to a buying opportunity on a short term basis. Bulls are looking to keep 4100 bid in the ES, and 12400 bid in the NQ. Watch yLO for signs of a bullish recovery. Failure through wMID could trigger a return to wLO. Crude Oil appears headed to mLO at 72, and Gold may be in the midst of developing a new key range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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