APRIL 11, 2024 — THURSDAY AM
Pre-market PPI data has helped to trigger strong rejections at yLO, which have led to early strength ahead of the RTH open. These bullish FNLs could lead to more upside ahead, likely to yMID and beyond in the best case scenario. The YM needs through 38,800 to extend the bullish move, while ES needs through 5220 and the NQ needs above 18,250. Crude Oil is developing another multi-day compression, which could fuel its move to 91.50, and Gold appears to be in a holding pattern ahead of 2400.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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