MAY 14, 2024 — TUESDAY AM
The pre-market release of PPI data led to a strong initial sell-off, followed by a strong rejection and reversal. This has led to the development of bullish FNLs, which could lead to bullish outside days in the best case scenario today for the ES, NQ, and YM. Crude Oil continues to hold below 80, and Gold remains reluctant to squeeze. BTC is building a clear range that forecasts a potential 10k move ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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