Take Starter Longs

April 23, 2024
Author: Peter Stolcers, Founder of OneOption

Yesterday the market showed its first sign of life. It is opening above SPY $500.50 this morning and I would feel comfortable taking starter long positions today.

PRE-OPEN MARKET COMMENTS TUESDAY - I need to start off with and important note. There is no reason to buy the open. Almost every gap up in the last two weeks has been faded. This one is going to be challenged as well. Here's what I want to see. If I get it, I will take starter long positions.

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