Post-market, Monday, July 12, 2021
Good afternoon traders!
This is the recap of the market:
20 Days trend: Up and very strong
VIX: 16.16
Market:
We have a slow motion all day long, but very trending in the up direction. We have some weird volume nodes being formed, telling us there is no real consensus on the market liking some prices more than others, it is just going up and up. For the time being, I will expect this movement to continue higher, until we reach a price where the market stops, and starts to create a real bell shaped volume profile. Until then, long and strong.
This is the recap of the market:
20 Days trend: Up and very strong
VIX: 16.16
Market:
We have a slow motion all day long, but very trending in the up direction. We have some weird volume nodes being formed, telling us there is no real consensus on the market liking some prices more than others, it is just going up and up. For the time being, I will expect this movement to continue higher, until we reach a price where the market stops, and starts to create a real bell shaped volume profile. Until then, long and strong.