The markets moved lower after testing upper resistance levels. All three majors touched their upper resistance levels over the last couple of days. This is an ideal place for a bullish correction, if we indeed get one.
Earlier this year, we discussed the chance for bullish opportunity once the markets reached these levels. After a correction, this should be true. However, during the correction, we can take advantage of shorter-term bearish to sideways action.
Use the short time left in March’s expiration cycle to your advantage. With only 8 days left, we can take advantage of either direction long- and short-term.
Have a great night,
The Maverick Trading Team
Over the years, we have spent thousands of hours talking with our traders and answering their emails. We have a huge collection of really great information that only benefited the specific traders who we were interacting with. So, we decided to start sharing all of these gems of knowledge with everyone.
