MAY 11, 2023 — THURSDAY AM
The ES, NQ, and YM are showing early weakness today after developing a strong high during Wednesday’s trading after the release of CPI data. The YM had the strongest rejection and is leading lower, while a rejection at yHI in the NQ may open up a return to yMID below. Crude Oil bears will be looking to defend multi-day lows for a return to 76-77 above. Gold remains stuck in the range.
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Author, Secrets of a Pivot Boss
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