FEBRUARY 26, 2024 — MONDAY AM
The ES, NQ, and YM are beginning the day with early compression ahead of the RTH open, but remain within very bullish uptrending structures. Given last week’s strong finish, a pullback to wMID could lead to the development of a new near-term key range, which could provide great levels to work with moving forward. The ES needs 5040 for this idea to work. Any pullback could still be a buying opportunity until proven otherwise. Crude Oil is testing prices at wLO, and could work toward a bullish outside week if it can take out 76.50 ahead. Gold bulls are trying to keep 2040 bid for a shot at 2080 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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