APRIL 27, 2023 — THURSDAY AM
The ES, NQ, and YM continue to trend lower since the recent highs last week, and every bounce has been met with resistance. As such, bears will continue to look to sell into the rips for another shot at new lows ahead. Particularly, watch yHI in the NQ, as a rejection here could trigger another move to new lows. Crude Oil has filled the 75.70 gap, and is working toward the market structure edge of 72. Gold has developed a very narrow 9-day range, and a breakout could lead to a 100+ point move.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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