Nice Market Breakout – Watch For This

June 2, 2023
Author: Peter Stolcers, Founder of OneOption

This is a nice market breakout and a "Gap and Go" is likely. Here's why.

PRE-OPEN MARKET COMMENTS FRIDAY – The S&P 500 is up 25 points before the open. The Senate passed the debt ceiling and President Biden will sign the bill today. The jobs report was strong and that is a sign that economic growth is stable. The market has been able to poke through a key resistance level and the price action over the next two weeks will be important.

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