JUNE 14, 2023 — WEDNESDAY AM
The markets are trading within narrow ranges ahead of today’s FOMC Statement and Rate Decision later today at 1pm CT. Expect the markets to find a range heading into the afternoon, and for volatility to pick up in the last two hours of the day. Today’s range could be a high-range day of over 125% of ADR, which could trigger more volatility in the days ahead. Gold has developed a narrow 20-day range, which could trigger the next big move – and maybe to the upside.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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