Good morning traders,
I am happy to be back after almost a week away from the screens.
The market has come back to the monthly VWAP and is stuck at 3920 area that was highly traded on the way down. This likely means it will be choppy in here on the open, kind of like we saw in the overnight "whippy" market.
I think the market is trying to make its way back to 4100, but lower is definitely in the cards. I'm going with a neutral day today as I think it will be much like the overnight session.
P.S. Sorry for my son coughing the entire video in the background.
I am happy to be back after almost a week away from the screens.
The market has come back to the monthly VWAP and is stuck at 3920 area that was highly traded on the way down. This likely means it will be choppy in here on the open, kind of like we saw in the overnight "whippy" market.
I think the market is trying to make its way back to 4100, but lower is definitely in the cards. I'm going with a neutral day today as I think it will be much like the overnight session.
P.S. Sorry for my son coughing the entire video in the background.