JULY 05, 2023 — WEDNESDAY AM
The ES, NQ, and YM are seeing early weakness ahead of the RTH open, and are seeing a modest pullback to begin the month. We have new monthly pivots to watch early this month, as a pullback within the higher value relationships could offer a buying opportunity for new highs ahead. A failure to hold mMID opens up a broader pullback. Crude Oil may see a big test of 67 support ahead. A Gold retest of 1940-1950 from below could lead to a selling opportunity with new lows ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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