CPI Will Attract Long-term Buyers

November 14, 2023
Author: Peter Stolcers, Founder of OneOption

The market is going to open much higher today, but this move is going to continue. Here's why.

PRE-OPEN MARKET COMMENTS TUESDAY – In my comments yesterday I told you that our best case scenario was a gap down in an up trend. The 100-day MA was tested and that support was confirmed. We bounced off of the low of the day and the SPY closed well above the 100-day MA. That was a great entry for longs, we just had to wait for support to be confirmed.

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