Pre-market, Wednesday, June 16, 2021
Good morning traders!
Here is the recap of the market:
20 Days trend: Up and strong
VIX: 17.15, went higher overnight, which is consistent with the market going lower.
Market:
The market is currently acumulationg volume in the new VA that is just on top of the previous one. I suspect we will have a slow day until the FOMC minutes comes out.
From here I will like to see the market keep the balance, Maybe I'll try a short later on, depending on how high I see this market reach.
Here is the recap of the market:
20 Days trend: Up and strong
VIX: 17.15, went higher overnight, which is consistent with the market going lower.
Market:
The market is currently acumulationg volume in the new VA that is just on top of the previous one. I suspect we will have a slow day until the FOMC minutes comes out.
From here I will like to see the market keep the balance, Maybe I'll try a short later on, depending on how high I see this market reach.
Comment:
VIX went up, Market went down, same old story.... After the rejection higher, we can now see clearly the market by acumulationg volume on a lower price was sending us some indications of a possible reversal.