AUGUST 11, 2023 — FRIDAY AM
With PPI data on deck, the market have developed narrow intraday ranges ahead of the news. Watch yMID, as a push above this level could lead to a return back up within the developing trading ranges. Thursday’s pivot highs will be very important reference points for bulls down the road. The YM has developed a narrow 3-week trading range, which could lead to the next huge phase of expansion. Crude Oil bears are still watch the edge for rejection, which may have begun Thursday.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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