The Breakout Will Be Tested

September 20, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

This is triple witching and we can expect some volatility.

PRE-OPEN MARKET COMMENTS FRIDAY - The market broke out to a new all-time high after the Fed's 50 basis point rate cut. The technicals and fundamentals are bullish at this stage. It is typical for breakouts to be tested and we are seeing a slight pullback this morning. We want support to be established early.

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