DECEMBER 20, 2024 — FRIDAY AM
HOLIDAY FLASH SALE: Get up to 42% OFF at http://pivotboss.com/flashsale. But hurry, these deals expire soon!
The ES, NQ, YM, BTC, and ETH each saw the bottom come out in overnight and pre-market trading, but have bounced off the day’s lows heading into the RTH open. But after impulse selling pressure this week, will new key ranges develop moving forward? If so, we need to find strong lows very soon in order to snap back to the midpoints of this week’s sell-off, which would give us great key ranges heading into Q1 of 2025. While the intraday downtrend remains intact, a recovery of yLO/yCL could make for a strong low by the end of the day. Short of this, however, could lead to additional selling pressure on a swing basis ahead. Crude Oil continues to build energy for a breakout move ahead, and bulls will be looking to defend 67s again. Gold bears want to keep yHI offered for a shot at 2540 below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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