The markets started the week off strong, as all three majors gapped up Monday morning. Since then, we haven't seen much market direction and, with today's horrible attack on Brussels, we wouldn't expect too much market enthusiasm.
The markets are still a little overextended here. We should see some reaction to today's events over the next couple of days. This could move the markets in either direction, so we need to wait a day or so to see which way we go. The slow bullish grind is still in effect. However, probability wise, a pull back or consolidation should be coming.
Stick to your bullish positions if you have them. Adding more could prove difficult, so make sure and take advantage of the ones that you already have.
Have a great night,
The Maverick Trading Team
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