Post-market, Monday, March 26, 2021
Good afternoon traders!
Here is the state of the market this soire:
20 Days trend: Up, a slight change in the strenght of the trend can be seen.
VIX: 17.7. Same level that this morning, after a day going to higher grounds, and coming back to this point, it finished in a low. This movement has some consistency with the market not being able to break to higher grounds.
Market:
The market pretty much played in the VAH all day long, moving the value area to higher grounds without breaking it. At this point VIX levels droping will be a good indications of this market going higher. The three more likely scenarios fto be played here are the same as lately:
1.-The market comes back to VAL and balances, then break higher.
2.-The market goes and breaks higher directly.
3.-The market falls, removing the weak hands from the market, and then pushing to higher grounds.
At this point, I'm willing to go long at the VAL:
Buy: 4173.25. Stop: 4162.75. Profit: 4191.
Here is the state of the market this soire:
20 Days trend: Up, a slight change in the strenght of the trend can be seen.
VIX: 17.7. Same level that this morning, after a day going to higher grounds, and coming back to this point, it finished in a low. This movement has some consistency with the market not being able to break to higher grounds.
Market:
The market pretty much played in the VAH all day long, moving the value area to higher grounds without breaking it. At this point VIX levels droping will be a good indications of this market going higher. The three more likely scenarios fto be played here are the same as lately:
1.-The market comes back to VAL and balances, then break higher.
2.-The market goes and breaks higher directly.
3.-The market falls, removing the weak hands from the market, and then pushing to higher grounds.
At this point, I'm willing to go long at the VAL:
Buy: 4173.25. Stop: 4162.75. Profit: 4191.
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