MARCH 08, 2023 — WEDNESDAY AM
The ES, NQ, YM, and Gold are each trading within super narrow pre-market ranges ahead of Day 2 of Fed Chair Powell’s testimony. We currently have a bearish bearish after Monday’s reversal from mMID, and could see further headline risk and weakness ahead. Crude Oil rejected last year’s close price at 80.50 and is now headed back down within the large trading range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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