OCTOBER 13, 2023 — FRIDAY AM
The ES, NQ, and YM are trading within narrow ranges ahead of the RTH open after Thursday’s bearish outside session. Given the short term trend up, bulls will look to defend into this pullback for a swing opportunity higher. However, the strength of Crude Oil and Gold could put a damper on the strength of equities, as CL is up over 4.5% at present, with more upside still likely to 88. Gold is back above 1900, and could return back toward the 1950 level above.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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