Dull Day Likely Ahead of Big News

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

The market has no direction and it is chopping around the 50-day MA. Traders are not likely to place big bets today.

PRE-OPEN MARKET COMMENTS TUESDAY – The SPY closed above the 50-day MA yesterday and the overnight dip is going to test it this morning. Traders are going to wait for a major round of news in the next 24 hours and this could be a dull session.

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