JANUARY 24, 2024 — WEDNESDAY AM
$NFLX earnings were posted after the bell Tuesday, which triggered late-day strength in the ES and NQ, and that strength has carried over into the overnight and pre-market trade. this market remains quite strong, and pullbacks are likely to be defended until proven otherwise. The YM is not as strong, and remains at the top of its narrow multi-week trading range. Crude Oil is developing a double inside day at the top of its narrow range, as we continue to await expansion from this market. Gold is developing a 4-day narrow range that could fuel the next 60-point breakout move.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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