JUNE 27, 2023 — TUESDSAY AM
The ES and NQ are both trading below wLO and remain within a clear downtrend in the short term. ES bulls need above 4390 to trigger a surprise rally ahead. NQ bulls need above 14975. Crude Oil continues to hold above the 67 level, and remains within a 3-point range – 67 to 70. A breakout could come soon. Gold has developed a narrow 5-day range at 1940, and could be due a breakout, as well.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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