OCTOBER 24, 2023 — TUESDAY AM
The ES, NQ, and YM each developed strong intraday ranges during Monday’s trading, which will likely keep prices in check today, as each of these markets are currently trading Inside Day. Look to avoid the chop in the middle, and look to fade the edges of Monday’s range, if tested, with a downward bias. Crude Oil’s failed breakout above 88s keeps prices stuck at the center of its key range. Gold reached the top of our target range at 2000, and is now trading within the 1950 to 2000 market structure.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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