MARCH 13, 2025 — THURSDAY AM
This market continues to trend down within a highly intensive price discovery phase, and is lacking any semblance of strong lows. This market is now in a phase that requires either a capitulation event or a significant strong low event. Until then, bears will continue to sell into strength and target failed highs. The ES, NQ, and YM have developed multi-day compressions, which could fuel the next decline. Crude Oil continues to hold above 65, but is another test coming? Gold compression suggests a huge breakout could occur. BTC and ETH remain highly bearish, and 1600 could be in play for ETH.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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