NOVEMBER 10, 2023 — FRIDAY AM
After yesterday’s bearish finish, the ES and NQ both completed outside days down. However, the expectation is for a fade back up within the developing narrow trading ranges today, as further development of the ranges occur. Eventually, expansion could bring big time movement next week. The YM has developed a narrow 6-day range, which forecasts a 1200 to 1500 point breakout move. Crude Oil remains on a path to 70, and Gold remains within a bearish short term trend.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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