Good afternoon traders!
Here is the recap of the market:
20 Days trend: Up
VIX: 17.46
Market:
The market has been bouncing up and down in a VA for the past couple of days, and for the looks of the trend, and the fact that the price is reaching higher every now and then, we can say that for the time being it is safer to bet on the long side of the trade.
The best way to trade this kind of scenarios is outside in, so for the time being, I will be looking to get long at the bottom:
Long at 4193
Stop at 4167.50
Target at 4230
Here is the recap of the market:
20 Days trend: Up
VIX: 17.46
Market:
The market has been bouncing up and down in a VA for the past couple of days, and for the looks of the trend, and the fact that the price is reaching higher every now and then, we can say that for the time being it is safer to bet on the long side of the trade.
The best way to trade this kind of scenarios is outside in, so for the time being, I will be looking to get long at the bottom:
Long at 4193
Stop at 4167.50
Target at 4230
Comment:
The market went south during the night, we are not yet in the previous VA, but the movement seems somehow strong, and doesn't seem to be ready to stop yet. This is still a scenario of wait and see how this turns out, nothing shows this movement in the previous read, but the VIX confirms it by going high.