SEPTEMBER 10, 2024 — TUESDAY AM
The ES, NQ, YM, BTC, and ETH are trading within narrow ranges ahead of the RTH open, and continue to hold at the upper ends of Monday’s ranges. Will the markets remain mostly range-bound ahead of major inflation data Wednesday and Thursday, or do we see further upside price discovery? Watch yHI closely, as any rejection could lead to a “fade the edges” type of price action today. Crude Oil bears will continue to defend into strength, with a shot at 64s down the way. Gold remains range-bound, with an upward bias, with a shot to see 2600 later this month.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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