FEBRUARY 21, 2025 — FRIDAY AM
The ES is trading inside day within the boundaries of a very tight overnight range – just 14.25 points, or 25% of ADR. The NQ has bounced modestly, as both the ES and NQ remain within their respective 5-day developing ranges. Expect further trading range action heading into the weekend, but with an upward bias within the range. The YM, is seeing selling pressure behind $UNH news and weakness. Watching for an early strong low, and the potential for short term snapback rally in the YM. Crude Oil may see a rotation down within its 70 to 74 range, and Gold continues to stretch for 3000. BTC and ETH remain range-bound, but are currently within an upswing. Can these finally break higher?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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