MARCH 18, 2024 — MONDAY AM
The ES, NQ, and YM are showing strength during overnight and pre-market trading ahead of the RTH open with all eyes on Fed this week. With Wednesday’s FOMC Statement and rate decision, the market may see sideways range-bound action, as the market awaits news. Each market has developed near-term trading ranges that could contain prices. Crude Oil has seen early rejections at yHI, which could lead to a bearish outside day at some point today. Gold bulls are keeping 2150 bid, and could see strength within its current trading range of 2150 to 2200.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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