Buyers Are Back!

January 9, 2024
Author: Peter Stolcers, Founder of OneOption

The dip has been brief and shallow. That is a sign that buyers are still aggressive.

PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday buyers returned. The market opened on its low of the day and it closed on its high of the day. A giant green candle formed and it almost erased all of the losses from last week. The SPY is back above AVWAPQ and I believe this dip has run its course.

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