MARCH 30, 2023 — THURSDAY AM
The ES and YM are both trading above wHI after a bullish overnight and pre-market move heading into today’s GDP report. Post report, however, the market has only managed to sit above wHI, which means a potential failure could be seen ahead. Failure to hold wHI opens up a return to the FOMC key levels below. Crude Oil has developed a narrow 3-day range above the 72s. Any pullback could offer a buying opportunity for a push to 77 and 80.50. Gold has developed a narrow 2-week trading range, which could trigger the next breakout move of about 150 points.
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