JUNE 08, 2023 — THURSDAY AM
The ES and YM continue to remain within narrow multi-day ranges, and this compression could extend into next week, with CPI and the Fed Rate Decision on deck next week. Look for continued range-bound action ahead. The NQ may see a Fade After Trend Day today. An early rejection of yLO is occurring, which could open up a return toward yMID above. Crude Oil and Gold remain stuck within their respective ranges.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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