Pre-market, Monday, March 26, 2021
Good morning traders!
Here is the state of the market for this morning:
20 days trend: Up and strong, with a clear change in the peace of how fast it is going up.
VIX: 17.7. We are gettig lower from the highes points of last week, but we still need to be carefull here, it seems like the market want to be in balance.
Market:
From the open to now, the market has been doing a balance excersie around what seems a VA at ATH. From here, there are a few case scenarios that might be possible:
1.-The market come back to VAL, and balances around before going looking for a new ATH.
2.-The market goes directly into ATH.
3.-The market fails, and goes to VAH of the previous VA.
From here, I will like to go long if we see the previous VA, I'm not willing to buy the break out.
Long at 4167. Stop 4159. Target 4183.
Here is the state of the market for this morning:
20 days trend: Up and strong, with a clear change in the peace of how fast it is going up.
VIX: 17.7. We are gettig lower from the highes points of last week, but we still need to be carefull here, it seems like the market want to be in balance.
Market:
From the open to now, the market has been doing a balance excersie around what seems a VA at ATH. From here, there are a few case scenarios that might be possible:
1.-The market come back to VAL, and balances around before going looking for a new ATH.
2.-The market goes directly into ATH.
3.-The market fails, and goes to VAH of the previous VA.
From here, I will like to go long if we see the previous VA, I'm not willing to buy the break out.
Long at 4167. Stop 4159. Target 4183.