MAY 02, 2023 — TUESDAY AM
MONTHLY OUTLOOK: Please join me for our PivotBoss Monthly Outlook for May 2023! We will cover all the major futures markets, and will also discuss trade opportunities for stocks, futures, and more! This is a FREE event that will begin at 4pm CT Wednesday, May 3. Please use the following Zoom link to join: https://us06web.zoom.us/j/86459726713
The ES, NQ, and YM are each trading within narrow ranges ahead of the RTH open, as the market continues to build toward Wednesday’s FOMC Statement and Rate Decision. The expectation is for a 2-day narrow range to develop, which means we could see reversals at Monday’s extremes. Look to fade yLO and yHI for intraday fades, but look to avoid the chop in the middle. Crude Oil continues to work its way down toward 72 and 70, while Gold remains within a super narrow 12-day developing range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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