FEBRUARY 21, 2023 — MONDAY AM
The ES, NQ, and YM have sold off heading into the RTH open and are now testing prices at/below wLO. Bulls will look to defend/reject wLO for a shot at returning to wCL and wMID early this week. Failure to hold above wLO by the end of the day could trigger more selling pressure to the next support levels below. Crude Oil may see a return to 72, and Gold is trying to stay above 1830.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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