All three major US markets hesitated today, but in three different ways. The INDU was the biggest loser, giving up about -0.5% on the session. The S&P ended slightly lower, down only -0.1%. The Nasdaq actually posted a gain of +0.29%.
Due to the U.S. market holiday, we have only seen one day of trading so far this week, which doesn't give us a whole lot of new information. With that said, we should be focusing on on resistance. Don't be surprised if the markets hesitate here or even pull back a bit, as this should be expected at these levels. We could be in for some volatility this week as the S&P tests the 2,100 level.
Have a great night,
Your Maverick Trading Team
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