NOVEMBER 17, 2023 — FRIDAY AM
The ES, NQ, and YM have developed narrow 3-day ranges ahead of next week’s holiday-shortened week. We could see further sideways-to-up trading action, as volume and volatility decreases into next week. The bullish trends remain firmly intact, so bulls will be looking to defend into weakness for a shot at the next resistance levels above. Crude Oil is seeing a fade after trend day setup develop, but bears will look to defend into strength over the next few days for a shot at the previous quarter’s low price at 69.69.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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