JULY 28, 2023 — FRIDAY AM
The ES, NQ, and YM each put in strong bearish rejections in the previous session. Are these Day One Rejections that could trigger a pullback ahead? If so, then bears need to keep prices offered at yMID for a shot at weakness ahead. Closing above yMID would break the rejection pattern. Crude Oil reached our 80.50 target, and the next pullback could be bought for a move to 83.50 above.
FOMC Key Levels for JUL 26, 2023: ES 4583, NQ 15556.75, CL 78.93, GC 1970.9, RTY 1983.3, YM 35601, ZB 125’22, $DXY 101.289, 6B 1.2909, 6E 1.1088, BTC 29265, ETH 1856
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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