MARCH 08, 2024 — FRIDAY AM
The NFP Report has come out prior to the RTH open, and has led to initial volatility in the market. After having rallied significantly in the previous session, the ES and NQ have held at their respective highs ahead of the report and are now showing strength off early strong lows. The YM is currently trading inside day and needs above 38,950 to develop a bullish price discovery day. Crude Oil has seen another strong rejection of prices above 80 this morning, and is trading back within the 77.50 to 80.50 trading range. Gold continues to trade at new all-time highs, and continues to see new price discovery above if it can continue to find acceptance above the 2150 level.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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