The markets took a little break today, as they have put in a decent up move over the last few days. We have seen some bullishness in the markets since Wednesday of last week. Today, however, we look to be slowing as we are now approaching resistance.
All three majors are still within their respective channels, but now testing resistance. We should expect some hesitation at these current levels tomorrow, whether or not the markets retest or break out. Either way, we will need at least another day to confirm a breakout or bear rally.
Not much has changed in the markets as we are now at our upper channel resistance levels. As always, stay patient and balanced.
Have a great night,
Maverick Trading