A Big Market Breakout Is Coming

January 19, 2023
Author: Peter Stolcers, Founder of OneOption

Don't pay attention to the headlines or the major MAs. This wedge is all that matters.

PRE-OPEN MARKET COMMENTS THURSDAY – It’s all about the wedge that is forming on the daily S&P 500 chart. The 50-Day, 100-day, and 200-day MAs are inside of that compression and they are being crossed with frequency. Be mindful of them when day trading, but don’t expect follow though.   

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