NOVEMBER 14, 2023 — TUESDAY AM
The ES, NQ, and YM are trading within narrow range ahead of pre-market CPI data, which could trigger a big wave of volatility today. Expecting a high-range day today for the market, with the potential for an outside day, as well. The ES could see 70-80 points of range, the NQ about 350 to 400 points, and the YM about 500 to 600 points. Crude Oil bears want to keep yHI offered for another continuation lower within the bearish trend. Gold is back at the center of the range at 1950.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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