New All-time Market High

February 22, 2024
Author: Peter Stolcers, Founder of OneOption

We've been waiting to see which scenario plays out and we have our answer. This was a compression near the previous high. Here's the game plan.

PRE-OPEN MARKET COMMENTS THURSDAY – The FOMC minutes did not sour the mood and Nvidia reported excellent earnings. The market is making a new all-time high and the “dip” was brief and shallow. It was actually more of a compression since we stayed close to the all-time high. This was our most bullish outcome and I highlighted 3 possible scenarios.

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