Pre-market, Tuesday, March 16, 2021
Good mornign traders!
First of all, the 20 days trend has finally shifted from down direction, to up direction, still being weak. VIX seams to be confirming this trend, with surprisingly low of 20.
In general, the market did a very tight range overnight, ans to me, it seems that it is ready to break free from this VA and go look for a new one. But, as my mentor sais, do not buy the breakout, I'll be waiting for this market to come down, or to leave without me. Willing to be long at 3945, looking for 3960.75, wrong at 3932.
First of all, the 20 days trend has finally shifted from down direction, to up direction, still being weak. VIX seams to be confirming this trend, with surprisingly low of 20.
In general, the market did a very tight range overnight, ans to me, it seems that it is ready to break free from this VA and go look for a new one. But, as my mentor sais, do not buy the breakout, I'll be waiting for this market to come down, or to leave without me. Willing to be long at 3945, looking for 3960.75, wrong at 3932.