OCTOBER 30, 2024 — WEDNESDAY AM
The ES and NQ are both seeing early weakness at yHI, while the YM is testing levels near yLO in pre-market trading. These markets continue to be mostly range-bound ahead of Tuesday’s Presidential election, but could see a major increase in volatility post-election soon. Continue to fade the edges intraday until proven otherwise. Crude Oil is also testing prices at yHI, and continues to offer selling opportunities on strength. Gold reached our 2800 target for the month, after executing another perfect buy-the-dip opportunity at the monthly pivot range this month. BTC reached a new all-time high Tuesday, and could be headed to 92k by the end of the year, or into Q1 of 2025. ETH still needs above 2800, and is building significant energy for its next move.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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