Good afternoon traders!
For today, we can see the 20 days trend stil in the down direction, but, with very significantly weakened, weach migh lead (as we can see) to a up trend. The VIX confirms this, by getting to lower values as we progress.
In general, Mr. Market seems to have found it's losed strenght, and is looking to keep discovering ATH. For me, the best way to play this market, is to wait for the deep to the VPOC area, where we most likley reject, and star balancing. We also have the probability of this market going lower, which is minimum, and, least but not last, the market might as well go higher, in this case, it is not that it is less probable, but I quite honestly don't know what to do whit it, so I don't really look at it. For the time being, I'm waiting for the market to come back to 3897, wrong at 3869, TP at 3938.50.
For today, we can see the 20 days trend stil in the down direction, but, with very significantly weakened, weach migh lead (as we can see) to a up trend. The VIX confirms this, by getting to lower values as we progress.
In general, Mr. Market seems to have found it's losed strenght, and is looking to keep discovering ATH. For me, the best way to play this market, is to wait for the deep to the VPOC area, where we most likley reject, and star balancing. We also have the probability of this market going lower, which is minimum, and, least but not last, the market might as well go higher, in this case, it is not that it is less probable, but I quite honestly don't know what to do whit it, so I don't really look at it. For the time being, I'm waiting for the market to come back to 3897, wrong at 3869, TP at 3938.50.