APRIL 05, 2024 — FRIDAY AM
The ES, NQ, and YM each saw tremendous selling pressure in the previous session, leading to high-range bearish outside days. Is this an indication that more downside could be seen ahead? If so, bears will look to defend into morning strength for a shot at further weakness below. Watch mMID in the ES, as a failure here could open up mLO below. Crude Oil continues to work higher toward 87.50 and 90, while Gold is developing a bullish FNL, which could lead to an outside day up today.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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