JULY 20, 2023 — THURSDAY AM
The ES is testing yLO, while the NQ is already trading well below yLO ahead of the RTH open. Will these modest pullbacks lead to more weakness ahead, or will bulls look to defend yet again for another rotation back toward recent highs? Any pullback could be an opportunity for bulls to defend, even if the pullbacks extends a few days. This market remains highly bullish until proven otherwise. CL remains within a range at highs, while Gold falls short of 2000 this morning after hitting a key range low.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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