AUGUST 08, 2025 — FRIDAY AM
The ES, NQ, and YM each bounced back late in the day Thursday, essentially created the edges for a wide ranging trading range. Given this price action, the markets traded quietly at the center of the newly created ranges, which could persist the rest of the day. It could be a range-bound, trading range day today, especially with nothing on the economic calendar. Fade the edges, with a modest upward bias. Next week could offer expansion. Crude Oil is in the zone for a bullish rejection, and Gold is testing the edges after a new all-time high. BTC and ETH remain near highs, and are also building energy for the next key move.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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