Small Relief Bounce Today

December 8, 2022
Author: Peter Stolcers, Founder of OneOption

Buyers are encouraged that the 100-day MA held. The volume is likely to dry up today.

PRE-OPEN MARKET COMMENTS THURSDAY – There is not much overnight news. China is loosening Covid-19 restrictions and their market is up overnight. The ECB has Fed Speak today and European markets are flat. The 100-day MA held yesterday and we are getting a small relief bounce this morning. Initial jobless claims were in line this morning.

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