APRIL 16, 2025 — WEDNESDAY AM
The market’s volatility has dropped tremendously over the last few sessions, as the market heads toward a holiday-extended weekend in the US. We may see further range-bound price action ahead, but Fed Chair Powell may provide some headline risk and volatility later today with this 12:15pm speech. Overall, expect the market to continue to drop in volatility heading into the end of the week Thursday. From an intraday perspective, there are some solid inverted H&S patterns to work from this morning, which could provide some bullish opportunities early in the session. Gold remains on a path to 3432, and Crude Oil bulls could take price to 72 in the coming weeks.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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