DECEMBER 20, 2023 — WEDNESDAY AM
The ES, NQ, and YM are enduring a modest pre-market pullback, but the ranges are still quite small. Expecting bulls to defend into morning weakness for a return to overnight highs for a check mark day higher. Failure at weekly VWAP could open up yLO below. Crude Oil has developed two new key ranges – an intraday one, and a larger swing key range, which gives us key targets to watch in the future. Gold remains range-bound.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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