Is the Market Rally Over?

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

Yesterday the market had one of the biggest drops since September. Here's what you need to know.

PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the market staged the typical float higher early in the day and it compressed. It was only 40 S&P 500 points from the all-time high and the volume was light. In the last two hours of trading the bottom fell out and the S&P 500 dropped 80 points from the high of the day. How should we interpret this price action?

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