Market Should Move Higher

March 28, 2024
Author: Peter Stolcers, Founder of OneOption

The bid was tested and support was established. Now we should get a leg higher.

PRE-OPEN MARKET COMMENTS THURSDAY - This week the market tested the bid to see if buyers were still interested. The action was largely driven by programs and end-of-quarter rebalancing/window dressing. The market lacked a catalyst and we were heading into a holiday. This was the price action we expected so we kept our activity to a minimum.

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