JANUARY 17, 2024 — WEDNESDAY AM
The markets are experiencing weakness heading into the RTH open this morning, as each market tests the lower edge of their respective narrow ranges. Retail Sales and Beige Book are today, which could provide additional volatility today. Overall, failure at support could open up a return to mLO below, with a gap fill, as well. Watch 4770 closely in the ES, 16,800 in the NQ, and 37,400 in the YM, and 70 in Crude Oil as key support levels early in the day.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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