All three majors pushed through resistance today, closing above previous highs. Today's move was the one that we had been anticipating as we have been watching these markets high base for a few weeks. This is a bullish sign and confirms market sentiment higher. Don't expect the markets to race straight up from here, but don't be afraid to increase a little more bullish exposure either.
Technically, we confirmed a breakout pattern in the majors. It would be nice to see some strong follow-through tomorrow. Keep to the current outlook and, as you see below, it is right in line with these markets.
See you on this Sunday's live Trading Room class!
Have a great night,
Your Maverick Trading Team
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