The markets look to be hesitating here after a pullback late last week. This pullback started after a nice breakout on the INDU and S&P, which was also from some key resistance levels. We can't read too much into this current indecision, though, since we are in earnings season and individual results can waiver the overall market sentiment.
Pay attention to tomorrow's FOMC statement since it could cause market volatility. Continue to keep an eye on the 2100 level of the S&P. We are not saying that we are moving higher from here, but it is the next major level.
Have a great night,
Your Maverick Trading Team
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