MARCH 27, 2024 — MONDAY AM
The ES, NQ, and YM are still still mostly compressed price action, as volatility has dropped dramatically over the last several days. Today could lead to similar price action as the first two days of the week, with a slight upward bias. However, this market isn’t trading too far away from wCL, which has become a magnet level this week. Crude Oil has developed a low-range day within its developing multi-day trading range, and seems stuck within this range. Gold is shaking off weakness and is finding more and more acceptance above 2200, which could lead to surprise new highs ahead. Bears need below 2195 to fill the gap below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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