Don’t Short This Market

October 24, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The message the last month has been to trade from the long side and to buy dips.

PRE-OPEN MARKET COMMENTS THURSDAY - Yesterday the market probed for support and buyers were not interested. The second consecutive gap down was a sign of selling pressure so they let it run it's course. That resulted in a bearish trend day. This morning, buyers are back and almost all of the losses from yesterday have been erased overnight.

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