MARCH 23, 2023 — THURSDAY AM
The ES, NQ, and YM have all developed strong bearish rejections after Wednesday’s FOMC Statement and Rate Decision, and bears will be looking to sell into morning strength for a shot at late-day weakness. The NQ has rejected 13k and the YM rejected 33k, both important retests that could lead to another swing move down ahead. Crude Oil is still battling 70, and Gold is trying to establish acceptance above the key 1960 level.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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