JANUARY 28, 2025 — TUESDAY AM
Following the huge sell-off and wide ranging price action of Monday’s market, Tuesday could be mostly inside day and range-bound for the ES, NQ, YM, BTC, and ETH. Look to fade the edges, selling new highs, and buying new lows, as the market develops trading range days today ahead of Wednesday’s FOMC statement and rate decision, and the earnings reports from $MSFT, $META, and $TSLA. Crude Oil is seeing early strength today, but given the recent downtrend, expect bears to sell into morning strength for another round of weakness. Gold needs through 2800 for further expansion, otherwise a return to 2680 may be ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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