Post-market, Tuesday, June 15, 2021
Good morning traders!
Here is the recap for this market:
20 Days trend: Up and strong.
VIX: 17.01.
Market:
The market has benn doing a kind of lateral movment while looking for higher prices all along the past week and a half. From where we stand, it seems that we are creating a new VA, and if we asume this to be true, and that the movements we have seen all week long will keep its peace, we can expect this market to go higer from here, maybe with a pullback (I will expect a pullback up to the VPOC)
From here I have two order to go long:
4237 and 4226
Target 4257
Stop 4206
Here is the recap for this market:
20 Days trend: Up and strong.
VIX: 17.01.
Market:
The market has benn doing a kind of lateral movment while looking for higher prices all along the past week and a half. From where we stand, it seems that we are creating a new VA, and if we asume this to be true, and that the movements we have seen all week long will keep its peace, we can expect this market to go higer from here, maybe with a pullback (I will expect a pullback up to the VPOC)
From here I have two order to go long:
4237 and 4226
Target 4257
Stop 4206
Comment:
For now, it seems the VA is developing on the higher part of the previous VA. This new VA is leaving outside the high price spike we saw two days ago, and starting to acumultate volume under it.