MAY 23, 2024 — THURSDAY AM
$NVDA earnings is lifting the ES and NQ to new highs, as the NQ tops 19,000 for the first time ahead of the RTH open. The ES and NQ have both broken through the tops of their respective narrow trading ranges, which opens up further strength ahead toward 5400 for the ES, and 19,200 for the NQ. The YM is playing “catch up” right now, but remains within the bullish uptrend. Crude Oil is seeing another bounce off the 77 level, and may see another move higher within its 3-point trading range. Gold turned down within its larger trading range, but remains bullish overall. BTC and ETH remain strong ahead of a potential approval of a new spot ETF for ETH. Look for ETH to make a move for 4300 ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://pivotboss.echofin.com
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss