The markets moved lower early on in today's session, but recovered nicely into the close. All three majors posted gains today following a strong turn-around yesterday. We have seen some decent intra-day selling all week, but the markets seem to recover each day.
No major market levels have been broken – or really even tested – in the last couple of weeks. The markets continue to be complacent and moving sideways. However, there are still some great trading opportunities out there sideways to slightly bullish.
Tomorrow is August monthly options expiration. Don't forget to make the necessary adjustments to your portfolio. Be sure to follow your trading plan and stick with your outlook.
See you on this Sunday's live Trading Room class!
Have a great night,
Your Maverick Trading Team
Over the years, we have spent thousands of hours talking with our traders and answering their emails. We have a huge collection of really great information that only benefited the specific traders who we were interacting with. So, we decided to start sharing all of these gems of knowledge with everyone.
