SEPTEMBER 19, 2023 — TUESDAY AM
The ES, NQ, and YM are trading within 2-day narrow ranges, as inside days have developed ahead of pre-market econ data. While we could see modest range expansion today, don’t expect huge movement ahead of Wednesday’s FOMC Statement and Rate Decision. The market is building energy for the move to come. A pullback to 90 could offer a buying opportunity to 94 in Crude Oil. Gold headed back to 1968.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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