NOVEMBER 09, 2023 — THURSDAY AM
The ES, NQ, and YM continue to trade within narrow intraday and multi-day ranges ahead of the RTH open. The YM 4-day range measures just 29% of average, which is extremely compressed. Further development of these ranges could persist into the end of the week, but expansion could generate north of 1000 points of range. Crude Oil and Gold bears want to sell into strength for a continuation lower ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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