Good morning traders!
Here is the state of the market pre-open:
20 Days trend: Up, Got a little bit more stable over night.
VIX: 18.2. The decreased level furing the night confirms the movement we got upwards.
Market:
During the night we got the market almost reaching for the previous stablished low. from there ir went to the up part of the current VA, where it started balancing in the upper half. This shows how the market is liking this higher prices a little bit more, from here there a couple of scenarios that are more likely than teh third:
1.-The market fails here, and goes to shake away the weak hands, before continuing higher.
2.-The market achives this balance and finds buyers around the VPOC of the currern VA, and goes higher.
3.-The market fully fails, and keeps going lower.
From this point, I'm willing to go long at 4101.25. Wrong at 4073. TP 4147.
Here is the state of the market pre-open:
20 Days trend: Up, Got a little bit more stable over night.
VIX: 18.2. The decreased level furing the night confirms the movement we got upwards.
Market:
During the night we got the market almost reaching for the previous stablished low. from there ir went to the up part of the current VA, where it started balancing in the upper half. This shows how the market is liking this higher prices a little bit more, from here there a couple of scenarios that are more likely than teh third:
1.-The market fails here, and goes to shake away the weak hands, before continuing higher.
2.-The market achives this balance and finds buyers around the VPOC of the currern VA, and goes higher.
3.-The market fully fails, and keeps going lower.
From this point, I'm willing to go long at 4101.25. Wrong at 4073. TP 4147.