This Bounce Will Provide Valuable Clues

August 21, 2023
Author: Peter Stolcers, Founder of OneOption

Here's what I will be watching for this week.

PRE-OPEN MARKET COMMENTS MONDAY – I need to preface my market comments with… it’s August. There is a negative seasonal bias and the news/volume dry up. We have seen selling pressure this month and technical support levels have failed. I am neutral to slightly bearish, but the market does not go straight up or down. I am expecting a bounce and it will tell me how aggressive buyers and sellers are.

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