DECEMBER 28, 2023 — THURSDAY AM
The ES, NQ, and YM are trading within narrow ranges ahead of the RTH open, and maintain a very bullish bias overall. While we may see some early weakness within the previous session’s range, expect bulls to defend morning lows for a return back toward ONHs. These markets are still melting up, and could finish the year at/near the highs of the year. Crude Oil is trading near the bottom of its 2-week trading range, and is likely to stay within the range. Gold remains strong and is testing prices above 2080 again.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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