MARCH 02, 2023 — THURSDAY AM
MARKET OUTLOOK RECORDING: In the March edition of the PivotBoss Monthly Outlook we take a look at the futures market and discuss the current bearish trajectory of these markets, and the potential for more selling pressure in the near term. Will BTC and ETH take a step back after early strength? We also talk $AAPL, $GOOGL, and $AMZN as leadership stocks that are currently leading down, and how $TSLA could be next. We also discuss trade opportunities in $STNE, $TEAM, $AFL, $WDAY, and $DHI. Recording link: https://www.youtube.com/watch?v=SgtS7cOO-0U
The ES and NQ are both trading just below wLO and have turned down off this level a couple of times already during pre-market trading. A push back above wLO could open up a surprising intraday rally…but failure to do so opens up a full-on downside break from the narrow 6-day ranges. Crude Oil is pushing higher within its larger trading range, and Gold is trying to find a low.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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