The markets closed lower today, retracing all of yesterday's gains, but still remain positive for the week. We could see some more corrective action tomorrow, which would be welcome since it would open up more directional opportunity in the short term.
Don't be afraid to stick with sideways plays. Allow for enough room for small corrective action if you are going further out in time. Directional opportunities will come once we see a corrective action, so continue to stay patient and follow sentiment.
See you on this Sunday's live Trading Room class!
Have a great night,
Your Maverick Trading Team
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