JANUARY 05, 2023 — FRIDAY AM
The NFP Report triggered early selling pressure after overnight weakness extended the losses for the week. The market is trending down until we find a strong rejection. Until then, it is tough to fade into this weakness. A rejection, however, could open up a bullish outside day in the most bullish scenario. Crude Oil is coiling up for a big move ahead. Gold is still moving lower, with a test at 2029 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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