NOVEMBER 11, 2024 — MONDAY AM
The ES, NQ, and YM are sitting at the highs of last week’s range, and could continue to gain throughout the week. While Monday and Tuesday this week may be rather quiet, we could see increased volatility Wednesday and Thursday with CPI and PPI data releases, and with Fed Chair Powell speaking Thursday afternoon. Bitcoin has reached new all-time highs above 80k, and is now working toward our key range target of 92,285. ETH has transitioned through 2800, and is fast approaching our 3400 target, with 4000 likely next. Crude Oil remains bearish, and Gold has broken its uptrend, with a shot to return to 2600 below.
FOMC Key Levels for NOV 07, 2024: ES 5994, NQ 21180, CL 72.60, GC 2703.2, RTY 2398.9, YM 43903, ZB 117’02, $DXY 104.404, BTC 77235, ETH 2905.5
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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