Pre-week, Sunday, March 7, 2021
Good night traders!
We start our week with a strong down 20 days trend (Maybe this is the time we break out of this trend?) Vix has gone down since friday mornining, giving us some assurence that this move up is not a false thing.
We are currently on top of the previous VA, and below another one, per our Volume, I will say we are trying to create a new balance area up here, and afterwards will be braking higher, looking to reach the lows of the VA we have on top of us. Secon scenario I see, is market going back down, I don't see anything telling me this is the first intent of the market, we have been surprised a few times in the past. Lastly, we got the chance of this market balancing here for quite sometime, per what has happen last week, I see this as the least probable, but if it do occurs, will mean the market is starting to get a dlittle bit more balanced. From here I'll be testing the long side, at 3833, looking for 3876, wrong at 3802.
We start our week with a strong down 20 days trend (Maybe this is the time we break out of this trend?) Vix has gone down since friday mornining, giving us some assurence that this move up is not a false thing.
We are currently on top of the previous VA, and below another one, per our Volume, I will say we are trying to create a new balance area up here, and afterwards will be braking higher, looking to reach the lows of the VA we have on top of us. Secon scenario I see, is market going back down, I don't see anything telling me this is the first intent of the market, we have been surprised a few times in the past. Lastly, we got the chance of this market balancing here for quite sometime, per what has happen last week, I see this as the least probable, but if it do occurs, will mean the market is starting to get a dlittle bit more balanced. From here I'll be testing the long side, at 3833, looking for 3876, wrong at 3802.
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