Wait Before Buying – This Is A Decent Drop

March 5, 2024
Author: Peter Stolcers, Founder of OneOption

The close yesterday was soft and we are seeing follow through this morning. Here is the game plan today.

PRE-OPEN MARKET COMMENTS TUESDAY – The market staged a nice rally Friday and it made a new all-time high. When we have a breakout we want to see nice follow through buying in the next few days. Late yesterday the market spiked higher and it was smacked down on better than average volume. That suggests some selling pressure. Overseas markets were marginally lower and the S&P 500 will start on a soft note this morning.

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