SEPTEMBER 20, 2023 — WEDNESDAY AM
The ES, NQ, and YM are each trading within narrow pre-market ranges in anticipation of today’s FOMC Statement and Rate Decision later this afternoon. Expect the markets to remain mostly range-bound early in the day, with a shot at high-range action later this afternoon, and especially into Thursday’s trading. Crude Oil has seen a bit of selling pressure, which has pushed price back below 90. This could become an opportunity for bulls to defend into weakness for a shot at 94 above.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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