JANUARY 15, 2025 — WEDNESDAY AM
The ES, NQ, YM, BTC, and ETH are all rallying after the release of CPI and Core CPI data this morning. These markets have launched higher and are already hitting our target range expectations for the day, which we discussed in the trading room Tuesday afternoon. Can these markets maintain these gains into the close, or do we lose altitude and close below the day’s midpoints? A failure to maintain these gains could lead to another lower high and weakness ahead. BTC and ETH are showing strength after the strong rejection Monday morning, and are seeing upside follow through ever since. Can BTC push through 100k, and can ETH make it past 3600? Crude Oil has developed a bullish FNL, with the potential to go outside day. Gold remains within the large triangular pattern, which could lead to a major breakout down the road.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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