Buyers Might Be Interested Today

July 24, 2023
Author: Peter Stolcers, Founder of OneOption

Here's what to watch for. We need the breakout early in the day or we are "dead in the water".

PRE-OPEN MARKET COMMENTS MONDAY – The SPY gained 10% in the last month. The FOMC statement will be released next Wednesday and mega cap tech companies will post earnings this week. Traders will be anxious to see if those releases are consistent with the recent rally. I am not expecting much movement the next 2 trading days and we will be in “wait and see” mode.

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