DECEMBER 08, 2023 — FRIDAY AM
The NFP Report came out this morning, and came in better than expected, but failed to trigger immediate expansion from the multi-week narrow ranges. The ES, NQ, and YM remain very much within in range, and continue to remain bullish overall, as a lack of rejection has been seen. Still, we may continue to build out within these ranges until expansion occurs, perhaps next week. Crude Oil bears remain in control, as price tests yHI. Gold remains within a 4-day narrow range, and could see more downside ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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