Good afternoon traders!
Here is the recap for the market:
20 Days trend: Up and getting stronger.
VIX: 16.05
Market:
For today we had the market moving away the current VA to a new high, with what seems to be a very low volume here. Since we have not had any signs of a reversal yet, I will expect this market to stay on the new VA, and keep bouncing there, however small it may seem, at least until tomorrow morning news, when we might see an splike in the volume and start this party. Right now, I will like to buy the lows of the new VA (4280) and sell it at the top (4290). If we manage to break trhroug the VPOC of the previous VA (4270) I will say the longs are in trouble, and shorts may come on the table, but, until then, long and strong.
Here is the recap for the market:
20 Days trend: Up and getting stronger.
VIX: 16.05
Market:
For today we had the market moving away the current VA to a new high, with what seems to be a very low volume here. Since we have not had any signs of a reversal yet, I will expect this market to stay on the new VA, and keep bouncing there, however small it may seem, at least until tomorrow morning news, when we might see an splike in the volume and start this party. Right now, I will like to buy the lows of the new VA (4280) and sell it at the top (4290). If we manage to break trhroug the VPOC of the previous VA (4270) I will say the longs are in trouble, and shorts may come on the table, but, until then, long and strong.