JANUARY 03, 2023 — WEDNESDAY AM
The ES, NQ, and YM are beginning the day with another round of early selling pressure, but the ES and YM are still above yLO. Look for a test through yLO, and watch for signs of rejection. Rejection at yLO could return prices back up within the narrow ranges. The YM developed a new intraday key range Tuesday, which could keep prices mostly in check until NFP Friday. Watch yMID in Crude Oil. Gold could be headed to 2029 for a test.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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