The Breakout Will Be Tested

May 22, 2025
Author: Peter Stolcers, Founder of OneOption
Author
Pete

It would be unusual for the market to run through resistance and not to test that breakout.

PRE-OPEN MARKET COMMENTS THURSDAY - The market ran through major horizontal resistance and it continued higher. Much of that move was short covering and we are about to find out to what degree. A trade deal with China shocked the market and the notion was that many other trade deals would follow. Now the focus is shifting.

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