JUNE 09, 2023 — FRIDAY AM
The ES and NQ continue to remain bullish in the near-term, with the ES developing a narrow 5-day range. This range could open up a 120-140 point move ahead. But the market may await CPI and FOMC news next week first. If the morning low is in for the NQ, then look up 200 to 250 points for the day’s potential upside target. Crude Oil may finish the session with an inside day and a 2-point range. Gold bearish FNH opens up a return to yMID.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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