APRIL 12, 2024 — FRIDAY AM
The previous session saw the ES and NQ rally in big fashion, while the YM lagged. So far today, the markets have developed inside days within the previous session’s ranges. We could see further range-bound action, with an upward bias. The YM needs above 38,900, as it remains within a 3-day intraday trading range. Crude Oil continues to develop an 8-day narrow range, which forecasts a breakout move of about 6.75 points ahead, and Gold has finally hit 2400.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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