Your 2 Week Market Game Plan

May 20, 2024
Author: Peter Stolcers, Founder of OneOption

Here's what I expect the market to do for the next couple of weeks.

PRE-OPEN MARKET COMMENTS MONDAY - Overseas markets were up marginally overnight. The fact that the market did not retrace much after the breakout Wednesday is a bullish sign. We still could see a little selling pressure so we can't get overly excited. The dip late Friday and the bounce on good volume tells me that buyers are still interested. I am expecting a light volume float higher for two weeks. This is not a market we can get aggressive with. We have scaled into bullish swing positions from the bounce off of the 100-day MA and I would be comfortable adding here. Our average cost is much lower. Expect tight intraday ranges.

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