All three majors posted a hammer candle on support levels, as the Fed decided to keep rates unchanged yesterday. The markets each moved well off of their lows, closing higher on the session.
We now have another hammer candle on support levels, showing continued strength at these current levels. We still see June options expiration tomorrow and, regardless of sentiment change, we must deal with what is given.
Next week should give us a better perspective on market sentiment. Follow your rules into June expiration and let's look for more opportunities moving forward once triggered.
See you on this Sunday's live Trading Room class!
Have a great night,
Your Maverick Trading Team
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