AUGUST 14, 2024 — WEDNESDAY AM
The ES, NQ, and YM have each seen bullish breakouts from their respective 2-day narrow ranges, and could see further upside continuations ahead. After CPI data was released, these markets put in early strong lows, but any retest of these lows will be defended by bulls looking for a checkmark continuation higher ahead. Crude Oil remains on a path to 80.62 and 81.50, and Gold continues to work toward a new all-time high. BTC and ETH are developing narrow 4-day ranges, which are building energy for a big move to come.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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