The Wedge Has Been Broken

July 24, 2026
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The market broke to the downside yesterday and closed well below the 50-day MA.

PRE-OPEN MARKET COMMENTS FRIDAY - TSLA and GOOG had negative earnings reactions yesterday and the market dropped below support. INTC had a positive initial reaction after the close and then the stock gave back those gains.

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