MAY 18, 2023 — THURSDAY AM
The ES and YM are both seeing early rejections at yHI that could lead to a Fade After Trend Day return to yMID below. The NQ may be too strong to fade. Crude Oil got the bullish outside day yesterday, which could lead to more strength ahead. Gold reached our 1980 target, and now we’re watching for signs of rejection between 1960 and 1980.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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