We have had five straight days of gains and due for at least a small pullback. This would be healthy for the market in order to digest the recent move higher. So at this point, we need the bears to step in to keep things in check. After that, the market will most likely move to new highs. Earnings so far have been very good, so no surprise there. A couple of things that could derail markets are higher than expected inflation that would lead to a Fed policy mistake or another type of Covid variant that is resistant to current vaccines. However, that is a low probability. Overall, things look good and better days ahead.
Founder | SimpleOptionStrategies.com
P.S. SOS Trade Alerts is currently closed to new subscribers and will reopen Oct 18th for those on the waitlist. Join the waitlist and receive $20 off of our standard subscription rate. To join, click on this link: SOS Trade Alerts
You can also check out my YouTube Channel at SOS YouTube.
None of the content published on SimpleOptionStrategies.com or within SimpleOptionStrategies.com’s Telegram Trade Channels constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. SimpleOptionStrategies.com is not responsible for any losses incurred as a result of using any of our trading strategies.