Good morning traders!
Here is the recap of the market:
20 Days trend: Up, and ranging since yesterday afternoon.
VIX: 16.83, higher than last night, consistent with the fall.
Market:
After accepting prices higher, the market failed on the VAH, and we went to the bottom, merging what used to be two different VA's. This failure to go higher, shows some weaknes on the buyer side, pointing to posiible further falls in this market, putting the shorts in the table. Right now, I will short market from the top of VA, and then buy it from the dip (I expect the dip to be aroung previous VA VPOC).
Here is the recap of the market:
20 Days trend: Up, and ranging since yesterday afternoon.
VIX: 16.83, higher than last night, consistent with the fall.
Market:
After accepting prices higher, the market failed on the VAH, and we went to the bottom, merging what used to be two different VA's. This failure to go higher, shows some weaknes on the buyer side, pointing to posiible further falls in this market, putting the shorts in the table. Right now, I will short market from the top of VA, and then buy it from the dip (I expect the dip to be aroung previous VA VPOC).