A Big Breakout Looms

January 13, 2023
Author: Peter Stolcers, Founder of OneOption

The market is compressing and buyers and sellers are active. We know that from the volume.

PRE-OPEN MARKET COMMENTS FRIDAY – It is Friday the 13th so it is only fitting that the S&P 500 is down 40 points before the open. Bank earnings and Jaime Dimon’s comments about a recession are responsible for the drop if you read comments from the media outlets. This is hogwash. There are greater forces in play.

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