MARCH 29, 2023 — WEDNESDAY AM
The ES, NQ, and YM are still trading within their respective multi-day trading ranges, with strength being seen back up within these ranges at the moment. These markets are retesting the FOMC key levels from 3/22 and haven’t seen meaningful movement away from these levels just yet. Look for the markets to remain within these ranges for another couple of days, as a breakout may occur early next quarter. The next pullback could be a great buying opportunity for Crude Oil, and Gold continues to hold above 1960, which could open up 2078 above.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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