This Feels Like A Buying Climax

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

The market has been floating higher on light volume into the end of the quarter and this feels like a buying climax.

PRE-OPEN MARKET COMMENTS THURSDAY - Monday the market staged a nice rally that produced a new all-time high. Proprietary trading firms are busy rolling positions ahead of triple witching and once the momentum was established, it fed on itself. At a new all-time high, no one is going to stand in the way.

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