DECEMBER 21, 2023 — THURSDAY AM
The ES, NQ, and YM sold off heavily in the last 90 minutes of the session Wednesday, but the expectation was for a return to yMID today, with a Fade After Trend Day move…and it worked already. The GDP report helped to provide some early pop that helped price return to yMID and back into the range. We could now see range-bound action within the range, with an upward bias ahead. Crude Oil is trying to find a higher low after the pre-market pullback, and Gold remains stuck in in the range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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