The Breakout Will Be Tested

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

Last week the selling pressure was orderly and the volume was above the 20-day average.

PRE-OPEN MARKET COMMENTS MONDAY - Last week the price action featured five consecutive days where the close was lower than the open. The breakout from two weeks a go felt mechanical (short covering) and now those gains are being erased.

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