Market Made the Next Move Higher

January 24, 2024
Author: Peter Stolcers, Founder of OneOption

The price action remains strong. Here is the game plan for swing traders and day traders. What happens on this gap up will help us gauge how strong buyers are.

PRE-OPEN MARKET COMMENTS WEDNESDAY – The market is adding to the all-time high as earnings season unfolds. Mega cap tech companies report next week and I am expecting strength until then. If the SPY blows through $490 before the FOMC, I would suggest taking some gains next week.

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