MAY 30, 2024 — THURSDAY AM
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The YM continues to lead lower, and has nearly reached the May FOMC key level at 38,110. Bears will look to sell into morning strength to extend weakness into this target ahead, and the 37,800 market structure target below. The ES and NQ are still mostly within their respective narrow 10-day ranges, but are close to seeing expansion, which could return these markets to their respective May FOMC key levels below. Crude Oil is approaching 78s, with a shot to see new lows ahead. BTC and ETH are building energy for the next move.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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