Wait For A Market Dip. Very Dull Action

July 2, 2024
Author: Peter Stolcers, Founder of OneOption

This is not a time to load up on longs. Stay in cash and wait for a pullback.

PRE-OPEN MARKET COMMENTS TUESDAY - The last leg of this market rally has featured tiny compressed candles and light volume. Asset Managers are not going to chase stocks at this level when the forward P/E is 21. They will buy dips and that is what you should wait for.

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