APRIL 19, 2023 — WEDNESDAY AM
The ES reached 4198.50 Tuesday, essentially completing the move across market structure into the 4200 edge. Do we now begin to see a return to the previous year’s close price at 3868 ahead? So far, the short term trend remains bullish, especially in the YM, and another probe at the highs may still be ahead with 34500 still left to go grab. Crude Oil has reached 79 after failing at 81.50 earlier in the week. The next pullback could be sold for a fill of the gap at 75.70.
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Frank Ochoa
Author, Secrets of a Pivot Boss
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