Gap Up To A Relative High

April 18, 2023
Author: Peter Stolcers, Founder of OneOption

Let's put this move into context. Is there a recent example that might be similar?

PRE-OPEN MARKET COMMENTS TUESDAY – The market continues to float higher in the absence of additional bank failures. The Fed added liquidity to the system and shorts were squeezed. That explains why the market has been able to move higher on very light volume. They have covered/adjusted positions, but this is not aggressive long-term buying on the part of Asset Managers. Go with the flow, but don’t overstay your welcome.

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