FEBRUARY 14, 2024 — WEDNESDAY AM
After pre-market CPI data sent the market tumbling Tuesday, we’ve seen an overnight recovery back toward yMIDs above. Will bears be lookin to sell into morning strength? Watch the retest in the ES at 5000 from below, watch 17800 in the NQ, and 38,500 in the YM for signs of failure, which could lead to bearish inverted checkmark days down. Crude Oil continues on a path higher, with 80 in sight. Gold finally reached 2000, but could bounce back into the range above, as the 80-point range remains firmly intact.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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