SEPTEMBER 03, 2024 — TUESDAY AM
The ES and NQ continue to see further compression, as both of these markets are trading within 12-day narrow ranges and building significant energy for forthcoming expansion. The ES could see upwards of 400 points of range, while the NQ could see north of 2000 points. The YM is testing double-top resistance, and any rejection here could send prices back toward last month’s midpoint. Crude Oil continues to test the 72 support level. A bounce here returns price to 76.55. Gold bulls will look to buy the dip this month for a shot at 2600 and above. BTC and ETH remain heavy, and could see another flash drop before responsive bulls enter the picture.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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