JANUARY 26, 2024 — FRIDAY AM
The market continues to remain mostly range-bound at all-time highs, as all eyes are now on next week’s FOMC Meetings and the resulting Fed Statement and Rate Decision. We could see further range-bound action, with an upward bias, as the market builds energy for later next week. The ES continues to work higher toward 5000, and the NQ is working toward 18k. Crude Oil has finally pushed through the 76 level, and is working toward the key range edge at 79.60. Any pullback could offer a buying opportunity, as this market appears poised for further strength above 80. Gold could be mostly range-bound today after a big gap up in afterhours trading.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss