FEBRUARY 24, 2025 — MONDAY AM
The ES, NQ, and YM have bounced modestly heading into the RTH open and after Friday’s major sell-off. This morning strength could offer an opportunity for bears to defend for another round of weakness today and this week. Failure to reclaim 6100 in the ES, 44k in the YM, and 22k in the NQ would suggest a continuation down to the next lowest support levels for these markets. Crude Oil continues to trade between 70 and 74 at CVPOC. Failure at 70 opens up 66-67 below. Gold is building energy for another push higher, which could finally reach 3000. BTC and ETH continue to build energy for the next breakout move. If it’s down, a nice reversal opportunity may present itself.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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