The markets appeared to have settled on the current support levels. Volume has subsided, for the moment, and even though the VIX moved higher, it never made it past 12.50.
There hasn't been any real change in market sentiment, so we are still very bullish. This correction hasn't threatened any real support levels or shown signs of making any major tests of support in general. Things can always change; however, we don't expect much movement between now and the end of the week without a catalyst.
See you on Wednesday's Mid-Week Trading Room Update class!
Have a great night,
Your Maverick Trading Team
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