The markets moved lower in the early part of today's session, looking to continue yesterday's bearish move, but recovered the majority of their losses into the close. Both the S&P and INDU climbed back into positive territory momentarily, while the Nasdaq continued to suffer, closing lower than the other two indexes.
We have seen some pushing and pulling going on this week as the markets continue to hover around support areas. Tuesday's market action showed some bullish strength coming off of support. However, it was met with a decent amount of selling on Wednesday, pushing the S&P back down from where it started.
Overall, the S&P and INDU are within their respective ranges and the Nasdaq looks to be setting a lower high. We might not see a break in support or resistance levels tomorrow, but we are looking forward to Friday's finishing candle forthe week for more info.
Have a great night,
Your Maverick Trading Team
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