FEBRUARY 18, 2025 — TUESDAY AM
The ES and NQ are marching higher toward major resistance, which will offer a significant test of all-time highs. Can these markets push through for an expansion phase, or will we see another major rejection of these prices ahead? The YM lags behind the strength of the ES and NQ, and is building out 4 weeks of compression for the next phase of expansion. Crude Oil remains within a clear downtrend, and continues to chop around CVPOC between 70 and 74. A break of 70 opens up support below between 66 and 67. Gold is seeing another bounce within the bullish PEMA trigger zone after Friday’s heavy day of selling. Is there one more move to 3000 ahead? Bitcoin and ETH continue to compress over the last 9 sessions, which could be building energy for the next leg lower.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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