JANUARY 16, 2024 — TUESDAY AM
The markets continue to show full-on compression across the board, with the ES, NQ, YM, and Crude Oil all continuing to build energy ahead of a potential expansion phase ahead. However, further compression could continue to be seen throughout this holiday-shortened week until a breakout finally occurs. A downside break could finally fill some open gaps below. Crude Oil is building toward a 10-12 point breakout move ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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