JULY 08, 2024 — MONDAY AM
The ES and NQ are trading at new highs after a bullish seasonality pattern played out last week. The ES also hit its 100% key range target in the process. Now that these markets are trading above Q2 highs, will we see a rejection that leads to an early pullback this quarter? If so, it could present a buying opportunity ahead. Until then, this market remains bullish. The YM is building energy within a 2-week trading range that could trigger a rally into Q2 highs. Gold remains mostly range-bound still. BTC and ETH wiped out last week, but are now showing early strength at Q2 lows, which could provide a rally back across the Q2 range ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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