DECEMBER 10, 2024 — TUESDAY AM
The YM is currently leading lower this morning, while the ES and NQ see modest morning strength. If Monday is any indication, we could see additional weakness Tuesday, and any morning strength could offer a selling opportunity for bears in equity futures. Any pullback could offer swing buying opportunity down the road for a late-year rally, however. Crude Oil could see a bit more upside, but may see some headline risk with OPEC on deck. Gold has already bounced off our intraday buy zone, but may have some more upside through 2700 above, and into mHI over the course of the next week. BTC and ETH both experienced mini flash crashed late Monday afternoon, but have shaken those off for now. These markets remain strong, and any pullback could still provide a buying opportunity moving forward.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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