MARCH 28, 2023 — TUESDAY AM
The ES, NQ, and YM are trading within narrow ranges ahead of the RTH open, which have formed within narrow multi-day ranges. These markets haven’t moved much since the newest FOMC key level was created on 3/22, which means a move could be ahead soon. Look to avoid the chop until proven otherwise. Crude Oil saw a bullish transition day through 72 Monday, which opens the door to 80.50 above if bulls can keep 70 bid on any retests ahead. Gold continues to battle 1960 after seeing rejection at 2000.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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