NOVEMBER 20, 2023 — MONDAY AM
HOLIDAY: US Markets are closed Thursday Nov 23, and close at 1pm CT on Friday Nov 24.
The ES, NQ, and YM are currently trading within super narrow pre-market ranges, which have developed within 4-day narrow ranges ahead of this week’s holiday-shortened trading. We could see lower volume and volatility this week, with a modest upward bias. Any pullback could offer a modest buying opportunity for a bounce into the end of the week. Crude Oil is seeing countertrend bounce, and could still see further weakness into 69.69 below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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