SEPTEMBER 27, 2023 — WEDNESDAY AM
The ES, NQ, and YM are trading within narrow ranges ahead of pre-market econ data, but maintain a very bearish bias in the near term. Any bounce could be sold for another round of weakness below. Watch 4350 in the ES, 33,800 in the YM, and 14,600 in the NQ as key levels ahead. Crude Oil bulls bought the dip Tuesday and are now enjoying a rally, as CL continues its approach to 94. Gold has broken down, and any pullback could be sold for a shot 1830 over the next several weeks.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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