AUGUST 18, 2023 — FRIDAY AM
The markets have seen steady weakness this week, with the ES, NQ, and YM all making new lows and working toward the next key downside targets. Look for the ES to work lower toward 4200, the NQ toward 13,500, and the YM toward 33,800. Pullbacks remain selling opportunities until proven otherwise. Crude Oil bears want to keep 80.50 offered for a shot at 76, 74, 72, and lower. Gold remains very weak and is approaching the 1900 edge.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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