SEPTEMBER 21, 2023 — THURSDAY AM
After Wednesday’s FOMC Statement and rate decision, the markets took their newly-minted FOMC key levels offered, with the YM getting a strong FNH, and the ES and NQ dropping well through yLO. In the process, previous month’s midpoints were broken, which opens the door to last month’s lows ahead. Pullbacks are likely selling opportunities until proven otherwise. Crude Oil continues to show a buy-the-dip opportunity for a shot at 94 above. Gold may finally see expansion from this multi-month triangle compression.
FOMC Key Levels for SEP 20, 2023: ES 4498.75, NQ 15369.50, CL 90.03, GC 1967.6, RTY 1853.4, YM 35022, ZB 118’25, $DXY 104.755, 6B 1.2408, 6E 1.07675, BTC 27310, ETH 1627
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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