NOVEMBER 15, 2024 — FRIDAY AM
The ES, NQ, and YM have broken down from their respective multi-day narrow ranges, which could lead to more near-term weakness ahead. However, any pullback could provide a nice buying opportunity for a year-end rally ahead. Crude Oil continues to hold above the 67 support level, but remains within a bearish seasonal pattern. Gold may see a near-term bounce, but more weakness could still be seen ahead until a strong low develops. Will BTC and ETH reach their impulse midpoints to develop new key ranges? If so, great upside targets could be seen ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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