SEPTEMBER 18, 2023 — MONDAY AM
The ES, NQ, and YM are trading within narrow ranges ahead of the RTH open, as the market focuses on the Fed this week. We’ll get another FOMC key level Wednesday, as the Fed announces the Rate Decision and provides its Statement. Overall, it could be a mostly range-bound early start to the week, with volatility likely entering the chat later this week. Crude Oil remains on a path to 94, and Gold remains stuck at YTD VWAP.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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