Good afternoon traders!
Here the analysis for this aftermarket:
20 Days Trend: Up (Getting stronger)
VIX: 19.8 (Have not done much, it seems to be rather static at this level, a little bit like the market price, but it concerns me that the market seems to be acumulating volume on the current Value Area Low, as if it wanted to break down, a rise in the VIX might be an indicative that it is happening)
General Market Analysis: We have been at the top of what seems a new VA, but rather small, and gathering volume at the lows. This makes me feel that this are the possibilities in order of probability:
1.-We break back down, "adding" this mini VA to the previous VA, and balancing there.
2.-This is a fake, and the market actually goes higher from here.
3.-we fall not only to the previous VA, but even lower.
Personally, I'll be expecting the first one, with a long order waiting at 3911. TP 3937.25, wrong at 3885.
Here the analysis for this aftermarket:
20 Days Trend: Up (Getting stronger)
VIX: 19.8 (Have not done much, it seems to be rather static at this level, a little bit like the market price, but it concerns me that the market seems to be acumulating volume on the current Value Area Low, as if it wanted to break down, a rise in the VIX might be an indicative that it is happening)
General Market Analysis: We have been at the top of what seems a new VA, but rather small, and gathering volume at the lows. This makes me feel that this are the possibilities in order of probability:
1.-We break back down, "adding" this mini VA to the previous VA, and balancing there.
2.-This is a fake, and the market actually goes higher from here.
3.-we fall not only to the previous VA, but even lower.
Personally, I'll be expecting the first one, with a long order waiting at 3911. TP 3937.25, wrong at 3885.