FEBRUARY 14, 2023 — TUESDAY AM
The ES, NQ, and YM each rallied after the release of CPI data and each found strong highs before turning down hard. The 60min charts show sell signals, which suggests more downside ahead during the RTH session. If these strong highs stick, we could see a rotation down on an intraday basis, but also on a swing basis, as well. Crude Oil remains near the center of the range, while Gold is still trying to find a strong low.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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