APRIL 13, 2023 — THURSDAY AM
The previous session saw bearish rejection days develop after pre-market CPI data was released. If more downside is ahead, then bears will look to sell into morning strength for a shot at new lows ahead. But like Monday’s rejection, yesterday’s rejection also occurred within the trading ranges, which could leave prices range-bound and lacking a breakout. Watch yMID closely. Crude Oil is testing a major market structure edge at 83.52, and Gold is stretching for 2100.
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