MARCH 06, 2023 — MONDAY AM
The ES, NQ, and YM are each trading within super narrow pre-market ranges ahead of the RTH open. The ES is trading just 35% of ADR, while the NQ is at 43%, and the YM is trading just 25%. Each has developed these ranges at wHI/wCL, which could lead to an early move away from these levels to begin the week. A rejection at wHI/wCL opens up wMID below. Also, these markets are retesting key support levels from below, which could have major directional implications ahead. Crude Oil bulls want to defend early weakness, and Gold continues its upward move.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss