JUNE 28, 2023 — WEDNESAY AM
The ES, NQ, and YM are trading within super narrow ranges ahead of the RTH open and ahead of Fed Chair Powell speaking, which begins at 8:30am CT. Powell also speaks at 1:30am CT Thursday morning, which could provide additional volatility this week. Crude Oil is sitting right on the key 67 level. A failure here could open up a move to the bottom of the large develop channel. Gold has given up 1940, and could be headed back into the 1800s below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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