JUNE 13, 2023 — TUESDAY AM
The ES, NQ, and YM are at the highs of the week after CPI data was released this morning. This market remains unfadable, and continues to find a way to push to new highs. Watch yHI, however, as a failure to hold this level could trigger a return to yMID, and possibly even yLO in the most bearish scenario. Keep in mind, unless we see a strong rejection, the odds still favor strength ahead. Bounce-back day for Crude Oil, and Gold remains range-bound.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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