JANUARY 29, 2025 — WEDNESDAY AM
The ES, NQ, and YM are trading relatively quietly during pre-market action ahead of today’s Fed statement and rate decision, and ahead of big earnings out of $MSFT, $META, and $TSLA after the closing bell. This afternoon could provide fireworks and a ton of volatility, which could spill over into the rest of the week. Currently, the ES and NQ have rejected yHI and are seeing a fade into Tuesday’s range, as range-bound action could occur ahead of this afternoon’s Fed. With the YM coming super close to last quarter’s high price, do we begin to see a rejection at these levels? Crude Oil is developing a double inside day, which is building energy for a breakout move ahead. Watch 73 down, and 74.50 up. Gold is trading 2800, but can it push through, or does the larger rectangular range take hold?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
PIVOTBOSS LINKS:
Trading Room: https://whop.com/pivotbosstrading/
PivotBoss: https://pivotboss.com/
PivotBoss Masters: https://pivotbossmasters.com/
Merchandise: https://pivotboss.com/merchandise
FOLLOW ME HERE:
YouTube: https://youtube.com/pivotbosstv
Twitter: https://twitter.com/pivotboss