Last week the broader markets continued their advance from the Christmas low with little to no corrective price action.
The majority of broader market indices, as well as individual sectors, are still in monthly, weekly and daily downtrends.
They are now nearing overhead resistance; however, most were able to clear their respective 50-day moving averages last week.
Once we get a bearish reversal on the daily charts (which has not happened yet), we will be more aggressive on selling bear call credit spreads.
Although we have no official trade recommendations, please watch this VIDEO showing you how Master Traders methodically search for trades and the steps necessary for one to make it to the list:
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