Gradual Drift Higher

May 4, 2026
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The market breakout has been confirmed and this is likely to be a three steps forward, two steps backward move higher.

PRE-OPEN MARKET COMMENTS MONDAY - Mega cap tech earnings are behind us and the reaction has been supportive of a gradual move higher. Asset Managers are not chasing, but they will buy dips. That safety net means that a large drop is unlikely.

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