AUGUST 05, 2025 — TUESDAY AM
After Monday’s trend, do we see a Turnaround Tuesday with a fade back down to yMID? The ES and NQ have both developed narrow ranges above wMID, and a failure to hold above these levels could open up a return to yMID below. Bulls want to keep morning weakness bid for a shot at a modest checkmark continuation higher. The YM is finding early resistance at wMID so far. Gold continues to build energy, but needs a big transition day through 3450 for expansion. BTC and ETH are seeing modest weakness, but is this pullback shaping up for another swing move higher?
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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