JULY 25, 2023 — TUESDAY AM
The ES, NQ, and YM are trading within narrow ranges ahead of the RTH open, and are trading within narrow multi-day ranges ahead of Wednesday’s FOMC Statement and Rate Decision. The ES has developed an 8-day narrow range, which could lead to a big breakout ahead. Crude Oil has seen an upside break from its 8-day narrow range, which could push price to 80.50 and 83.52 above. Gold has also developed a 9-day narrow range, which could lead to a solid 60-point move ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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