JUNE 15, 2023 — THURSDAY AM
We have new FOMC key levels (see below) after Wednesday’s statement and rate decision, which will be important moving forward. Each market pulled back from these levels early after the announcement, which could become buying opportunities ahead. Given the overall strength of the market, buying the dips provides a path of least resistance until proven otherwise. Continue to watch 67 closely in Crude Oil, as a break here could open up new lows ahead. A rejection may be developing at 1940 in Gold, which could lead to a buying opportunity.
FOMC Key Levels for JUN 14, 2023: ES 4421, NQ 15134.75, CL 68.88, GC 1967.3, RTY 1902.3, YM 34353, ZB 127’03, $DXY 102.743, 6B 1.2689, 6E 1.08585, BTC 26065, ETH 1743.5
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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