The Market Will Bounce

April 17, 2024
Author: Peter Stolcers, Founder of OneOption

Some traders are positioned for a big move lower. That is a mistake.

PRE-OPEN MARKET COMMENTS WEDNESDAY - This is a time for evaluation. I have been stressing this for the last 10 days. The market was going to probe for support. I was fairly certain of that based on the red engulfing candle the day before the jobs report. The depth and duration of the dip was going to tell us where we go next. Your focus should be on day trading while we wait. Stay flexible and don't get locked into one side or the other.

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