NOVEMBER 15, 2023 — WEDNESDAY AM
The ES, NQ, and YM have experienced significant strength over the last 13 sessions, with bulls lead the charge in a way not seen since 2022. As such, it is not wise to fade into this strength, as bulls are looking to defend along the way until the next edge is reached. 4600 is still in view for the ES ahead. Crude Oil bulls want to take out yMID for a shot at 80 today. PPI data due shortly could lead to additional volatility today.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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