OCTOBER 20, 2023 — FRIDAY AM
The ES, NQ, and YM are trading within narrow ranges at the lows of the week. Bears are looking to continue to defend into strength this morning for a shot at lower lows ahead…until a rejection occurs. Crude Oil closed above the 88 level in the previous session, which opens the door to the top of the next market structure at 95. Gold continues to explode to the upside, and nearly reached 2000 today. The previous quarter’s high could be in play at 2020 soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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