Market Action Will Increase Wed

November 29, 2022
Author: Peter Stolcers, Founder of OneOption

This is likely to be another dull trading day. Keep it light.

PRE-OPEN MARKET COMMENTS TUESDAY – From a technical standpoint the SPY is resting between the 100-day MA and the 200-day MA and the volume is extremely light. Year-end seasonal strength has produced a wimpy little bounce that can quickly be reversed. As long as support at the 100-day MA holds, day trade from either side. If support at SPY $391 is breached, focus on the short side.

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