MARCH 28, 2024 — THURSDAY AM
NOTE: The next pre-market video will be Monday, April 1, 2024, as the market will be closed in the US on Friday, March 29 in observance of Good Friday.
The ES, NQ, and YM are trading within narrow ranges ahead of the RTH open, despite pre-market econ data of GDP and Initial Jobless Claims. We have seen narrow ranges develop over the last 6 sessions, which could provide early volatility for next month and Q2. Crude Oil is showing strength early in the day and is approaching wHI. This market has developed a narrow 9-day range, but can Crude get a true breakout for more upside ahead? Gold remains strong and has put in a new all-time high. We could see this market work toward 2300 early in Q2.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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