This current market level proved volatile, as the markets gave back all of yesterday's gains. Over the last three sessions, we have seen some pushing and pulling going on between the bulls and the bears, with neither gaining much ground over the other so far.
This is the first time in a while that we have seen this much selling in one week. We have yet to break support levels, so we should continue to treat this as a correction.
We should expect volatility to continue the longer the markets remain in this area. Stay patient and don't get sucked into making a bad decision.
Have a great night,
Your Maverick Trading Team
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