JULY 24, 2023 — MONDAY AM
The ES, NQ, and YM are trading within narrow ranges ahead of the RTH open and ahead of this week’s FOMC Statement and Rate Decision. Look for early back and forth price ahead, and for volatility and range to pick up later in the week. Given the overall strength, pullbacks remain buying opportunities until proven otherwise. Crude Oil is above 77, which could open up a return to 80.50 and beyond.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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