The Market Catalysts Are Gone

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

This was our chance to breakout and we are still trapped in this range.

PRE-OPEN MARKET COMMENTS FRIDAY – This week had the potential to generate a large market move one way or the other and it has yet to produce. If the SPY stays above the major moving averages and below horizontal resistance this week, we could be in for dull trading the rest of the month.

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