FEBRUARY 27, 2024 — TUESDAY AM
The ES, NQ, and YM are now developing 3-day narrow ranges, which could continue to build out ahead of Wednesday’s pre-market GDP report. Any pullbacks that may occur are still likely to be defended by bulls until proven otherwise. Crude Oil continues to build out its 12-day narrow range, which has enough fuel for an 8 to 10 point breakout move ahead, but doesn’t appear poised for movement just yet. Gold is stuck near the center of its 80-point trading range, but has an upward bias that could eventually take it to 2080 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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