This steady bullish move we have seen over the last couple weeks made a strong push today, as all three majors broke above resistance levels. Today’s move was also associated with an increase in volume, a good sign this move could sustain above these resistance levels.
Keep an eye out for the next resistance level if the markets continue higher. With a surge like this, we will expect to see a small retracement or correction at some point, maybe later this week. This can create more trading opportunities if the new support holds. So, if you don’t enter any bulls over the next day or two, we should see another opportunity on the retest.
Have a great night,
The Maverick Trading Team
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