Don’t Chase the Opening Gap Up

July 12, 2023
Author: Peter Stolcers, Founder of OneOption

This new relative high for the market will lure in bullish speculators. That is not a group you want to "hang" with. Here's how to approach the day.

PRE-OPEN MARKET COMMENTS WEDNESDAY – The CPI came out and the S&P 500 rallied 25 points to a new relative high. The number was lighter than expected.

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