FEBRUARY 13, 2023 — MONDAY AM
The ES and NQ have pulled back from recent highs, with bulls attempting to defend the dip. Do we get another squeeze higher, or does the short term trend begin to falter? The YM has been trapped within a narrow range for the month of February, which has developed within a multi-month compression. A major breakout move could be ahead, and CPI data Tuesday might provide the catalyst. Crude Oil remains on a path to the top of its trading range, while Gold may return to last year’s close price of 1830.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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