FEBRUARY 07, 2025 — FRIDAY AM
The ES, NQ, and YM are trading within narrow ranges ahead of the RTH open and after the release of NFP data this morning. The ES is trading just 50% of ADR, while the NQ is trading at 32%. The YM is trading at 33% of ADR, as these markets remain near the highs of the week, while remaining within large trading ranges that are containing prices for the time being. After this week’s strength, will next week be a pullback week within these larger ranges? Morning strength in Crude Oil could be sold for new lows below 72 today. Gold remains strong, while BTC and ETH lag behind.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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