The Market Is Trapped

May 9, 2023
Author: Peter Stolcers, Founder of OneOption

We need new information. That is the only thing that can break the market out of this compression.

PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the S&P 500 had one of the tightest light volume ranges I can remember in many months. Earnings, the FOMC statement and major economic releases could not move the needle and we are in “wait and see” mode ahead of the CPI tomorrow. I believe today could be dull as well.

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