This Dip Will Set-up A Buy

November 18, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The price action Friday looked nasty, but this is just a normal pullback in a bull market.

PRE-OPEN MARKET COMMENTS MONDAY - The market decline last Friday was steady. The volume was fairly high and the selling was persistent. The dips were tiny and brief and the market closed on its low of the day. Once the momentum accelerated, buyers put their wallets back in their pockets. Asset Managers are not going to chase stocks at the all-time high, but they will buy dips. They will watch for signs of support and we need to do the same thing.

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