AUGUST 04, 2025 — MONDAY AM
Thursday and Friday’s selling pressure left behind some big time Day 1 and Week 1 rejections. Will these rejections lead us lower this week, and in the weeks ahead? Bears will be looking to defend into morning weakness for a rotation back down. Bulls need price to push through yMID for a shot at wMID, which would create new key ranges after last week’s impulse sell-offs. Can we get wMID before we see new lows? Crude Oil rejected 70 and is headed for another test at 64. Gold continues to build big energy for an expansion attempt. Have BTC and ETH gone has high as they can go before the next pullback? We discuss in this morning report.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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