Good morning traders!
As always, I'm starting by seeing that our 20 days trend, is still down, a little bit stronger than last night, but, still weak. VIX came up during tha night, accounting for the small regression of the markets in general.
We finally got the reversal we were waiting for, and non the less to the VPOC. from here, since we have a lot of volume under that, I'm guessing we will bounce from there, and keep going to the previous highs we recently dicovered, and make a VA around this two. Other option will be for us to get attracted to the magnet of the VPOC, instead of rejected, and go form there. An the final posibility I see, is that we get a new ATH at the spot, but I seriously doubt it will come to pass...
At the time, I'm long from 3910, looking for 3956. wrong at 3878.
As always, I'm starting by seeing that our 20 days trend, is still down, a little bit stronger than last night, but, still weak. VIX came up during tha night, accounting for the small regression of the markets in general.
We finally got the reversal we were waiting for, and non the less to the VPOC. from here, since we have a lot of volume under that, I'm guessing we will bounce from there, and keep going to the previous highs we recently dicovered, and make a VA around this two. Other option will be for us to get attracted to the magnet of the VPOC, instead of rejected, and go form there. An the final posibility I see, is that we get a new ATH at the spot, but I seriously doubt it will come to pass...
At the time, I'm long from 3910, looking for 3956. wrong at 3878.