NOVEMBER 22, 2023 — WEDNESDAY AM
HOLIDAY NOTE: US Markets are closed Thursday Nov 23, and close at 1pm CT on Friday Nov 24. This is the last pre-market video until Monday, Nov 27. Have a great Thanksgiving Holiday!
The ES, NQ, and YM remain within narrow ranges at the top of the recent rally, and continue to show signs of strength. Look for sideways-to-up action over the next several days, as the markets look to reach the next highest resistance levels. Any pullbacks could offer buying opportunities ahead. Crude Oil is down big this morning, as another sell-the-rip opportunity occurred within the bearish PEMA trigger zone. Look for CL to continue to the previous quarter’s low price of 69.69 over the next couple of weeks. Gold remains within the 1940 to 2020 range, and may reach the top soon.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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