Stuck In the Middle Again

December 6, 2022
Author: Peter Stolcers, Founder of OneOption

No follow through on the breakout. We are in wait and see mode again.

PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the S&P 500 tried to get back above the 200-day MA. It was smacked down and we are not seeing follow through buying after the big “Fed speak” rally last week. That is a sign that resistance is building.

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