MAY 28, 2024 — TUESDAY AM
The ES, NQ, and YM are trading within narrow ranges ahead of the RTH open, as volume and volatility slowly come back from an extended holiday weekend. Watch yHI, as a failure here could lead to weakness back within Friday’s range. Crude Oil is showing a tremendous amount of strength over the last couple of sessions after it failed to break through 76s. Look for a continuation to 80 for another big test. ETH is still working toward 4000 on hopes of new spot ETF approvals.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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