JUNE 23, 2023 — FRIDAY AM
The ES, NQ, and YM have seen steady selling pressure in overnight and pre-market trading, and are now trading below yLO. Watch 4380 closely in the ES, 34k in the YM, and 15k in the NQ for potential rejection, which could lead to a recovery of yLO above. Failure at these levels could open up the next zone of support below. Crude Oil is approaching 67 for a big test. A break here could open up a 10-point drop ahead. Gold has pushed back above the 1940 level, which could lead to a MGR buy signal in $GLD to begin the day.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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