JUNE 01, 2023 — THURSDAY AM
NOTE: Please join me Thursday, June 1 at 4PM CT for our next Monthly Market Outlook! Webinar Link: https://us06web.zoom.us/j/83567344464
The YM remains quite weak, and is unable to find acceptance above 33k, which could open up return to mLO and below. Crude Oil has failed at 70, and failed complete a rejection day yday, which opens up a return to mLO, as well. Gold still needs above 1986, and the next pullback in the NQ could offer another buying opportunity. Failure to hold above 4200 opens up 4137.50 below for the ES.
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Frank Ochoa
Author, Secrets of a Pivot Boss
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