MARCH 07, 2025 — FRIDAY AM
The ES, NQ, YM saw a small pop right at the NFP announcement, but bears have since taken hold of the trend once again. Any rally continues to be a selling opportunity for bears defending the trend…until these markets can find strong lows. Until then, this market is still trending down, with the next key support levels coming into view – 5700 in the ES, 42k in the YM, and 19,700 in the NQ. Crude Oil may still see a test of 64, and Gold is still poised for a test at 3000. BTC and ETH are trying to find decent lows, but remain within the bearish trend, as well. Fed Chair Powell is now on deck for 11:30am CT, which could move the needle heading into the afternoon and the weekend.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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