Good morning traders!
Our 20 days trend keeps up, with pretty much the same strenght as last night, and the VIX raised a little bit, and then came back to previous level. In my opinion it was somehow rejected, and we might not get any furthere than this.
Overnight happen as expected, we got rejected from previous VAL, and cme back alll the way down to our current VAL, to go back to the midle of this VA. currently we are getting a little acceptance in the middle, something we see normally when the market is looking to bounce from there, from the looks of it, I will say it is going higher, so I'm positioning myself long from here. There is the chance that we might get rejected again from previous VA, and come back, and from there we eiter can keep the range, or brake it lower, depending on the market mood. Long at 3887, wrong at 3873, TP 3917.
Our 20 days trend keeps up, with pretty much the same strenght as last night, and the VIX raised a little bit, and then came back to previous level. In my opinion it was somehow rejected, and we might not get any furthere than this.
Overnight happen as expected, we got rejected from previous VAL, and cme back alll the way down to our current VAL, to go back to the midle of this VA. currently we are getting a little acceptance in the middle, something we see normally when the market is looking to bounce from there, from the looks of it, I will say it is going higher, so I'm positioning myself long from here. There is the chance that we might get rejected again from previous VA, and come back, and from there we eiter can keep the range, or brake it lower, depending on the market mood. Long at 3887, wrong at 3873, TP 3917.