Pre-Open Market Comments – Tuesday

April 19, 2022
Author: Peter Stolcers, Founder of OneOption

Last week the market was bipolar. We saw big drops one day and big rebounds the next. Longer term swing traders with a 3-4 week trade duration should avoid this nonsense. The S&P 500 is below the 50,100 and 200 day MAs. I am expecting support over the next two weeks as earnings season kicks into high gear. Unfortunately, any support will be short-lived. Asset Managers will get very nervous as we get into May.

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