JANUARY 24, 2025 — FRIDAY AM
The ES, NQ, and YM are trading within super narrow ranges ahead of the RTH, but remain within the short term bullish trend. Morning pullbacks could offer another buying opportunity, as these markets approach qHI above. How will the market respond once a new high develops, especially in the ES? Crude Oil has developed a strong overnight low at 74, which could lead to a bullish return to yHI in the best case scenario today. Gold is off to a strong start, and is approaching 2800 after breaking through the top of the large triangle pattern. Gold still has major upside targets ahead at 2900 and 3000. BTC and ETH are showing early strength today, and ETH could be building for a bigger move to come.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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