Stay patient in making any drastic bullish decisions here. We could see continued weakness tomorrow, so make sure the markets are trading well above yesterday's close before taking action.
The markets current move lower is right in line with what we have been expecting this week. The markets did touch support levels intra-day, so we should respect this current candle pattern. Give yourself some time for the markets to develop a pattern before jumping into any new trades here. There is really no advantage into entering trades early, especially going into a weekend.
Mid-Week Outlook:
- Bull: 3%
- Sideways: 42%
- Bear: 55%
Have a great night,
Maverick Trading
