MAY 21, 2024 — TUESDAY AM
The ES, NQ, and YM are each trading within super narrow ranges ahead of the RTH open today, as volume and volatility could continue to dry up ahead of next week’s holiday-shortened week. Watch yLO in the ES and YM for a potential bullish FNL opportunity. Crude Oil remains weak after rejected 80 again, and continues to build out within its 3-week trading range. Gold is developing a bullish FNL, and could see further strength today. BTC and ETH are showing strength after recent breakouts, and could continue to trend higher.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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