NOVEMBER 02, 2023 — THURSDAY AM
We have new FOMC key levels for the markets after Wednesday’s statement and rate decision, which will provide useful moving forward. The ES, NQ, and YM have taken these levels bid so far, and are now testing wHI. Watch wHI closely, as rejections here could lead to a pullback within the range. Overall, these markets remain strong in the near term, and haven’t shown signs of rejection just yet. Crude Oil continues to teeter on the edge of the key range, and Gold remains stuck within its newly-developing narrow range.
FOMC Key Levels for NOV 01, 2023: ES 4230, NQ 14605.75, CL 81.06, GC 1986.7, RTY 1661.7, YM 33206, ZB 110’10, $DXY 106.976, 6B 1.2117, 6E 1.0553, BTC 34910, ETH 1829.5
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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