Normal Pullback – Be Patient

June 22, 2023
Author: Peter Stolcers, Founder of OneOption

There is no volume on this pullback. Wait for support.

PRE-OPEN MARKET COMMENTS THURSDAY – The market rally got over-extended last week and now we are seeing profit taking. The high from a week ago has been slapped down and the open from that candle (key bar) has failed. That retracement came in a matter of days and that speed tells us to be patient. Let this pullback continue. As long as the volume remains light, I view this as a normal pullback in the context a longer term up trend.

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