FEBRUARY 12, 2025 — WEDNESDAY AM
The ES, NQ, and YM saw instant selling pressure this morning after CPI data came out hotter than expected. The the impulse selling pressure has yet to find a strong low. If a strong morning low can be found, there could be a reversal back to the midpoint of the day on an intraday basis. However, pullbacks may continue to be a selling opportunity until proven otherwise. These markets continue to build out within narrow multi-day ranges, which are building significant energy for a swing move ahead. Will it be to the downside? Crude Oil may see more chop between 70 and 74, as CVPOC has now shifted down. Did Gold find a strong high Sunday night? BTC and ETH may see another flash selloff ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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