Pre-market, Monday, March 8, 2021
Good morning traders!
We have a 20 days down trend that has been making itseflf stronger. VIX went higher, combined with a "small" fall down, makes me think we are in a volatile ground.
From last night to this morning, Mr. Market seemed a little errtic for our volumes, but seems it is still looking for value, but down bellow, at this point I will like to see us balance around the place we are, but the volumes Kind of tell other story, and make me feel we might have a flush down without precaution. On the other hand, we can allways go to higher ground, that due to the current low values on that side of the chart, I doubt it. For the time being, I'll wait for the market to sort itself a little bit more before going in, altought I will like to place a short, but it do feels like is not the right spot for it right now.
We have a 20 days down trend that has been making itseflf stronger. VIX went higher, combined with a "small" fall down, makes me think we are in a volatile ground.
From last night to this morning, Mr. Market seemed a little errtic for our volumes, but seems it is still looking for value, but down bellow, at this point I will like to see us balance around the place we are, but the volumes Kind of tell other story, and make me feel we might have a flush down without precaution. On the other hand, we can allways go to higher ground, that due to the current low values on that side of the chart, I doubt it. For the time being, I'll wait for the market to sort itself a little bit more before going in, altought I will like to place a short, but it do feels like is not the right spot for it right now.