MAY 10, 2024 — FRIDAY AM
The ES, NQ, and YM have each rallied this week and have reached their respective March FOMC key levels, which went offered in April. After a week of bullish trending price action, expect Friday to be mostly digestive, as these markets maintain the week’s gains. Crude Oil has a shot to create a new key range, but needs to reach the 80.68 level soon. Gold may finally be getting a breakout from its narrow range through 2350, which could open up the next 150-point move.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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