Good afternoon traders!
The trend of the market for the past 20 days has been up, as we can see, and the level of the VIX has rised since this morning, which is in sync with the fall we had today.
We are currently trading in the lows of the VA, were we seem to have liked prices, since a special point where the volume is rising has apeared, taking away the "box" shape it had this morning. Since the market fled the lows, with verily any volume, I might say that even if we revisit this area, we are not going to stay long in there, and seeing that we left a pseuda VA in top, I feel the market might try to feel the void between areas. Long at 3916, wrong at 3881, TP 3898.50.
The trend of the market for the past 20 days has been up, as we can see, and the level of the VIX has rised since this morning, which is in sync with the fall we had today.
We are currently trading in the lows of the VA, were we seem to have liked prices, since a special point where the volume is rising has apeared, taking away the "box" shape it had this morning. Since the market fled the lows, with verily any volume, I might say that even if we revisit this area, we are not going to stay long in there, and seeing that we left a pseuda VA in top, I feel the market might try to feel the void between areas. Long at 3916, wrong at 3881, TP 3898.50.
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