APRIL 06, 2023 — THURSDAY AM
The ES, NQ, and YM have traded mostly within narrow ranges during this 4-day trading range and ahead of the 3-day holiday-extended weekend. While we may see a test at yLO, look for bulls to defend these levels for a return into the developing ranges heading into next week. An early pullback next week could provide another buying opportunity for a push to the next resistance levels above. Crude Oil has developed a super narrow 4-day range, but can it make it to the 82-83 above? We’re still watching Gold for signs of rejection.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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