AUGUST 01, 2025 — FRIDAY AM
Thursday’s trading finished with Day 1 Rejection Days, which suggests increased volatility and weakness may be ahead. But do these highs get retested soon before the big fall? GDP has been released this morning to complete a week of heavy economic data, Fed, and earnings. Can the market find an early low this morning and return back to overnight highs, or do bears continue to defend a falling VWAP for more lows ahead. Until proven otherwise, bears control the intraday trend, but taking VWAP bid would open up some short term upside for the day. Gold is building up for a major breakout move down the road.
FOMC Key Levels for JUL 30, 2025: ES 6419.25, NQ 23542, CL 70.38, GC 3354.4, RTY 2272.4, YM 44816, ZB 114’03, $DXY 99.391, BTC 118,635, ETH 3835.5
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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