All three majors posted doji candles today on their respective support levels. This correction has been consistent and steady over the last week. Volume has remained steady, but today was a little higher than the last few days' average.
The next technical step will be to establish a pivot point at this level. This would confirm a bull pullback. We could see more selling tomorrow, so consider waiting until we get a close above a previous day's high before entering bullish trades.
See you on this Sunday's live Trading Room class!
Have a great night,
Your Maverick Trading Team
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