DECEMBER 27, 2023 — WEDNESDAY AM
The ES and YM are both trading at 20% of ADR, and the NQ is trading at 17% of ADR, as we head into the RTH open. These markets are trading within teeny ranges, with volume and volatility dropping during the last week of trading of the year. Expect sideways-to-up action this week, with the markets likely to finish at the highs of the year. Crude Oil remains poised to find yearly VWAP by the end of the week at 77.73, and Gold is testing the big 2080 key edge.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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