MAY 26, 2023 — FRIDAY AM
The NQ continues to be unfadable, and remains quite bullish, which could eventually lead price to the 14822 key range target above. The ES is sitting at the center of its expanding range, and may see further range-bound action heading into the holiday-extended weekend. Crude Oil is back within its 4-point range, but continues to have a bullish bias as long as price remains above 70. Gold can’t find a strong low, and remains within a bearish downtrend in the short term.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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