DECEMBER 29, 2023 — FRIDAY AM
A quick quarterly overview of these markets shows extreme rallies in the ES, NQ, and YM in Q4. Which could lead to some retracement and/or compression early in 2024. If so, mMID, qMID, and an open rollover gap below could become targets to reach for early on. Crude Oil is closing at the midpoint of the current month’s range, so an early move to the monthly edge will likely be seen in January, which could provide some great opportunities. Gold is back below 2100 and 2080, which could finally return prices back into the lower end of its key range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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