AUGUST 06, 2024 — TUESDAY AM
The markets experienced significant meltdowns during Monday’s trade, leaving behind massive high-range sessions. This has led to mostly inside day price action ahead of the RTH bell on Tuesday. We could see further range-bound price action, with a downward bias, until proven otherwise. At some point, it would be helpful to reach the impulse midpoints so new key ranges can develop. Even if this happens, more overall downside could still be ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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