Recession Fears Surfacing

April 5, 2023
Author: Peter Stolcers, Founder of OneOption

The market is noticing the weak economic data points that have been released. I expect to see profit taking into the long weekend. ISM services was weaker than expected.

PRE-OPEN MARKET COMMENTS WEDNESDAY - This is a holiday-shortened week and we
will get a decent round of economic releases. The light volume drift higher has
been able to rally above all the major moving averages, but we saw the first
signs of profit taking yesterday.

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