SEPTEMBER 26, 2023 — TUESDAY AM
The ES, NQ, and YM have developed 3-day narrow ranges at the lows of the recent decline, and could see more development before expansion occurs. A test of yHI should be watched closely for signs of failure, as a bearish FNH opens up new lows below. A successful push through yHI opens up wMID above. Crude Oil has seen a failed break down through the 4-day narrow range, which could begin the process of slingshotting price higher into the 93-94 zone above. Bulls will look to buy the dip in Crude Oil, but a breakout from the 5-day range is still needed.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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