JUNE 26, 2023 — MONDAY AM
The ES and NQ have both developed narrow 8-day ranges, and are currently sitting right on key pivots for the week – 4380 and 15k, respectively. A breakout from these ranges could trigger big move ahead, with 1100 potential points in the NQ alone. Watch yMID at 68.50 in Crude Oil early this week, as a failure of this level could lead to a big test of 67s ahead. Gold continues to battle 1940, and the YM may return to last year’s close price in the days ahead – 33,315.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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