NOVEMBER 08, 2023 — WEDNESDAY AM
The ES, NQ, and YM are trading within super narrow 1- and 3-day narrow ranges ahead of Fed Chair Powell the next two days. While the short term trend has been strong, we are now seeing price bump up against medium term resistance, which bears will look to defend. Crude Oil continues its downside break, with 74 in view. Gold continues to hold 1960 and may see a return to 1990 soon.
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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