MARCH 25, 2024 — MONDAY AM
The ES and NQ are showing early weakness heading into the new week of trading. Watch wMID closely, a pullback into that zone could provide bulls an opportunity to defend and return to new highs by the end of the week. Failure at wMID would open up a continuation to the FOMC key levels below. The YM has developed a super narrow trading range ahead of the RTH open. Look to avoid this choppy range early. Crude Oil has developed a 3-day compression above 80, and needs above 81.71 for a continuation higher. Gold has developed a strong Day 1 high, and any bounce could be sold for a big test at 2150 below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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