FEBRUARY 07, 2023 — TUESDAY AM
Fed Chair Powell speaks at 11:40am CT, which could provide some volatility later in the day. Right now, the market is trading mostly within narrow ranges ahead of the RTH open. Continue to watch 4100 as a key pivot for the ES, and 12,400 in the NQ. Crude Oil reached our 10-point target, and is now bouncing off the 72 edge. Gold is still trying to find a strong low. The YM continues to build significant energy.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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