Look For A Capitulation Low!

October 23, 2023
Author: Peter Stolcers, Founder of OneOption

This is the pattern to watch for this week. Perhaps even today.

PRE-OPEN MARKET COMMENTS MONDAY – The market is weak and it is down 180 S&P 500 points from the high last Tuesday. The volume has been heavy and we closed below AVWAPQ, the 200-day MA and an up trendline that dates back to October 13, 2022.

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